Citigroup Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$103.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by equities research analysts at Citigroup from C$83.00 to C$103.00 in a report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 18.02% from the company’s current price.

Several other equities research analysts have also issued reports on BBD.B. Scotiabank increased their target price on shares of Bombardier, Inc. Class B from C$90.00 to C$100.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. BMO Capital Markets lifted their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. CIBC boosted their target price on Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research report on Monday, May 27th. Desjardins raised their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada upped their target price on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$106.40.

Bombardier, Inc. Class B Trading Down 1.1 %

Shares of BBD.B opened at C$87.27 on Tuesday. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$94.24. The firm has a market cap of C$7.45 billion, a PE ratio of 23.33, a P/E/G ratio of -0.13 and a beta of 2.99. The firm has a fifty day simple moving average of C$81.96 and a two-hundred day simple moving average of C$63.42.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 7,871 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$87.33, for a total value of C$687,377.58. In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 48,010 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$89.02, for a total value of C$4,273,941.42. Also, Senior Officer Eve Laurier sold 7,871 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total value of C$687,377.58. In the last quarter, insiders have sold 83,919 shares of company stock valued at $6,923,979. 1.66% of the stock is owned by company 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.