Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$130.00 at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lowered by TD Securities from C$132.00 to C$130.00 in a report published on Friday morning,BayStreet.CA reports.

BBD.B has been the subject of a number of other research reports. CIBC decreased their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$131.00 in a report on Friday. Barclays boosted their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday, July 30th. National Bankshares increased their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective on the stock. in a research report on Friday, November 1st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$114.33.

Bombardier, Inc. Class B Stock Up 1.4 %

Shares of TSE BBD.B opened at C$99.34 on Friday. The stock’s 50 day moving average price is C$99.30 and its two-hundred day moving average price is C$88.61. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The stock has a market capitalization of C$8.59 billion, a P/E ratio of 25.74, a PEG ratio of 6.26 and a beta of 2.98.

Insider Activity

In related 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 value of C$534,000.00. In related 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 transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. 1.66% of the stock is currently owned by company insiders.

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.