Bombardier, Inc. Class B (TSE:BBD.B) Receives C$112.33 Consensus Target Price from Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$112.33.

A number of research firms have recently commented on BBD.B. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. National Bankshares cut their target price on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. CIBC cut their target price on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Desjardins cut their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, TD Securities cut their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the 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 transaction of C$521,650.00. Company insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Stock Performance

Shares of Bombardier, Inc. Class B stock opened at C$88.00 on Friday. The firm has a 50-day simple moving average of C$91.94 and a two-hundred day simple moving average of C$94.91. The company has a market cap of C$7.61 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$46.75 and a fifty-two week high of C$113.60.

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.