Citigroup Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by research analysts at Citigroup from C$113.00 to C$107.00 in a research note issued on Monday,BayStreet.CA reports. Citigroup’s target price indicates a potential upside of 24.99% from the stock’s current price.

Several other equities research analysts also recently weighed in on BBD.B. National Bank Financial raised their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. UBS Group raised their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. CIBC reduced their target price on Bombardier, Inc. Class B from C$127.00 to C$126.00 in a research report on Thursday, January 30th. BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price objective on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and an average target price of C$117.50.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$85.61 on Monday. The company’s 50-day simple moving average is C$95.50 and its 200-day simple moving average is C$95.38. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The stock has a market capitalization of C$7.41 billion, a P/E ratio of 22.18, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction 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. Insiders own 1.66% of the company’s stock.

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.