UBS Group Upgrades Bombardier, Inc. Class B (TSE:BBD.B) to “Neutral”

UBS Group upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a sell rating to a neutral rating in a research report released on Monday,BayStreet.CA reports. UBS Group currently has C$95.00 price target on the stock, up from their prior price target of C$77.00.

Several other analysts also recently weighed in on BBD.B. BMO Capital Markets raised their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Desjardins lowered their target price on 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. National Bankshares lowered their target price on 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. Royal Bank of Canada lowered their target price on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, TD Securities decreased their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$114.67.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock opened at C$86.67 on Monday. The business has a 50-day moving average of C$90.48 and a 200-day moving average of C$94.57. The company has a market capitalization of C$7.50 billion, a PE ratio of 22.45, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1-year low of C$46.75 and a 1-year high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

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 stock was 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 Bombardier, Inc. Class B 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 value of C$1,990,650.43. 1.66% of the stock is currently owned by 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.