Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$95.00 by Analysts at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by BMO Capital Markets from C$85.00 to C$95.00 in a research note published on Thursday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. CIBC raised shares of Bombardier, Inc. Class B from a neutral rating to an outperform rating and increased their price objective for the stock from C$67.00 to C$91.00 in a research report on Thursday. Scotiabank lifted their price objective on Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the company an outperform rating in a research note on Thursday. Desjardins increased their target price on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a buy rating in a research note on Thursday. UBS Group lifted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, TD Securities increased their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a buy rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B has an average rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Trading Up 2.0 %

TSE BBD.B traded up C$1.41 during trading hours on Thursday, reaching C$71.21. The company had a trading volume of 536,608 shares, compared to its average volume of 450,801. The stock has a market capitalization of C$6.07 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The stock has a 50-day moving average of C$56.52 and a 200 day moving average of C$52.21. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$71.49.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is owned by corporate insiders.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.