Bombardier, Inc. Class B (TSE:BBD.B) Receives C$114.00 Average Target Price from Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$114.00.

A number of equities research analysts have weighed in on the stock. National Bankshares boosted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. CIBC decreased their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a report on Friday, November 1st. 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. Finally, National Bank Financial raised their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction 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. 1.66% of the stock is owned by corporate insiders.

Bombardier, Inc. Class B Trading Up 1.6 %

Shares of BBD.B stock opened at C$98.10 on Thursday. The business’s 50-day moving average price is C$101.19 and its 200-day moving average price is C$94.71. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The firm has a market capitalization of C$8.49 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 6.26 and a beta of 2.98.

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.