Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$100.00 at JPMorgan Chase & Co.

Bombardier, Inc. Class B (TSE:BBD.B) had its price target decreased by research analysts at JPMorgan Chase & Co. from C$110.00 to C$100.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.89% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Desjardins decreased their price target on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Scotiabank lowered 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 research note on Friday, November 1st. Citigroup lowered their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research note on Monday, February 3rd. UBS Group lifted their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. Finally, BMO Capital Markets upped their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$113.08.

Bombardier, Inc. Class B Trading Down 1.6 %

BBD.B stock opened at C$88.58 on Thursday. The firm has a 50 day moving average of C$91.13 and a 200-day moving average of C$94.77. The firm has a market capitalization of C$7.66 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12 month low of C$46.75 and a 12 month high of C$113.60.

Insiders Place Their Bets

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s 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 value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s 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. Company 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.