Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$102.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by Desjardins from C$101.00 to C$102.00 in a report issued on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. National Bankshares lowered their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a report on Friday, April 26th. Scotiabank lowered their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a research note on Wednesday, April 10th. CIBC upped their target price on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a neutral rating in a report on Friday, April 26th. UBS Group boosted their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their price objective on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock traded up C$1.41 during trading hours on Thursday, reaching C$71.21. 536,608 shares of the company traded hands, compared to its average volume of 450,801. The firm has a 50-day moving average price of C$56.52 and a 200 day moving average price of C$52.21. The company has a market cap of C$6.07 billion, a P/E ratio of 10.92, a P/E/G ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$71.49.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. Company insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Company Profile

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