Bombardier, Inc. Class B (TSE:BBD.B) Given New C$135.00 Price Target at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by stock analysts at BMO Capital Markets from C$129.00 to C$135.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 41.39% from the stock’s current price.

A number of other research analysts have also issued reports on BBD.B. TD Securities reduced 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. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research report on Friday, November 1st. National Bankshares raised their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. National Bank Financial boosted their price target on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, CIBC lowered their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$114.50.

Bombardier, Inc. Class B Stock Performance

BBD.B stock opened at C$95.48 on Tuesday. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The stock has a market capitalization of C$8.26 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 6.26 and a beta of 2.98. The stock’s fifty day moving average is C$99.39 and its two-hundred day moving average is C$95.14.

Insider Activity

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction 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 the company’s stock in a transaction 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. Insiders own 1.66% of the company’s stock.

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.