Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Target Price at C$114.00

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$114.00.

A number of equities analysts recently weighed in on the stock. Scotiabank downgraded shares of 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 report on Friday, November 1st. National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. TD Securities reduced their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial lifted their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, CIBC dropped their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd.

Bombardier, Inc. Class B Stock Up 1.6 %

BBD.B stock opened at C$98.10 on Thursday. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The company has a market cap of C$8.49 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 6.26 and a beta of 2.98. The business has a 50 day moving average price of C$101.19 and a two-hundred day moving average price of C$94.71.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were 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 transaction of C$1,990,650.43. 1.66% of the stock is currently owned by corporate insiders.

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.