Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Lowered by Scotiabank

Scotiabank downgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from an outperform rating to a sector perform rating in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has C$120.00 price target on the stock.

A number of other brokerages have also recently weighed in on BBD.B. National Bank Financial lifted their target price on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. CIBC boosted their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Barclays raised their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. Finally, National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$111.50.

Bombardier, Inc. Class B Trading Down 2.3 %

Shares of BBD.B opened at C$101.31 on Friday. The company has a 50-day moving average of C$98.09 and a two-hundred day moving average of C$87.35. The stock has a market cap of C$8.76 billion, a P/E ratio of 26.25, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. 1.66% of the stock is 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.