Bombardier, Inc. Class B (TSE:BBD.B) Receives C$111.50 Average Price Target from Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$114.33.

A number of equities research analysts have recently weighed in on the company. National Bankshares boosted their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday. CIBC lowered their price objective on Bombardier, Inc. Class B from C$134.00 to C$131.00 in a research report on Friday. TD Securities cut their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday. National Bank Financial lifted their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday, November 1st.

Insider Transactions at Bombardier, Inc. Class B

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

Bombardier, Inc. Class B Stock Down 1.0 %

Bombardier, Inc. Class B stock opened at C$97.95 on Wednesday. The firm has a fifty day simple moving average of C$99.09 and a two-hundred day simple moving average of C$88.13. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The company has a market capitalization of C$8.47 billion, a PE ratio of 25.38, a P/E/G ratio of 6.26 and a beta of 2.98.

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.