Citigroup Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective reduced by Citigroup from C$113.00 to C$107.00 in a research note published on Monday morning,BayStreet.CA reports.

BBD.B has been the subject of several other reports. Royal Bank of Canada decreased their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research note on Wednesday, January 15th. National Bankshares lifted their price objective on Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. National Bank Financial raised their price target 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. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a report on Friday, November 1st. Finally, CIBC cut their target price on Bombardier, Inc. Class B from C$127.00 to C$126.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and an average price target of C$117.50.

Bombardier, Inc. Class B Trading Down 1.1 %

Shares of TSE BBD.B opened at C$84.71 on Monday. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The stock has a market cap of C$7.33 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 6.26 and a beta of 2.98. The company has a 50 day simple moving average of C$95.07 and a two-hundred day simple moving average of C$95.36.

Insider Activity

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

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.