Bombardier, Inc. Class B (TSE:BBD.B) Receives C$111.50 Consensus PT from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$111.50.

A number of equities analysts recently issued reports on BBD.B shares. Scotiabank increased their price objective on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a report on Thursday, July 18th. CIBC raised their price target on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Barclays upped their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the company an “outperform” rating in a research note on Tuesday, July 2nd.

Bombardier, Inc. Class B Stock Performance

The firm has a fifty day moving average price of C$93.09 and a 200-day moving average price of C$83.26. The company has a market cap of C$9.52 billion, a P/E ratio of 28.52, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$111.86.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. In other news, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. 1.66% of the stock is currently owned by 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.