Bombardier, Inc. Class B (TSE:BBD.B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$106.40.

Several brokerages have recently weighed in on BBD.B. UBS Group boosted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC upped their target price on Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the company an “outperform” rating in a report on Monday, May 27th. National Bankshares reduced their price target on 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. JPMorgan Chase & Co. upped their price objective on shares of Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, June 3rd.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 28,038 shares of Bombardier, Inc. Class B stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$70.00, for a total value of C$1,962,660.00. In related news, Senior Officer Daniel Brennan sold 28,038 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total value of C$1,962,660.00. Also, Senior Officer Eve Laurier sold 7,871 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. Insiders sold 83,919 shares of company stock worth $6,923,979 in the last three months. 1.66% of the stock is owned by company insiders.

Bombardier, Inc. Class B Stock Down 1.1 %

TSE:BBD.B opened at C$87.27 on Thursday. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$94.24. The stock has a market capitalization of C$7.45 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99. The stock’s 50-day moving average price is C$81.96 and its 200-day moving average price is C$63.42.

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.