Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$130.00 at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its target price cut by investment analysts at Royal Bank of Canada from C$133.00 to C$130.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 43.74% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. TD Securities decreased their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. CIBC dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a research report on Friday, November 1st. Finally, National Bankshares upped their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$117.25.

Bombardier, Inc. Class B Stock Down 2.8 %

Shares of Bombardier, Inc. Class B stock opened at C$90.44 on Wednesday. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The company has a market capitalization of C$7.82 billion, a P/E ratio of 23.43, a P/E/G ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average of C$98.21 and a 200 day moving average of C$95.25.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. 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.