Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Rating of “Moderate Buy” from Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$110.00.

Several brokerages have recently weighed in on BBD.B. National Bankshares lifted their target price on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. BMO Capital Markets increased their target price on Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Royal Bank of Canada raised their price target on Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the company an “outperform” rating in a report on Tuesday, July 2nd. TD Securities upped their price objective on Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Desjardins raised their target price on Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the company a “buy” rating in a report on Thursday, June 6th.

Bombardier, Inc. Class B Trading Down 1.3 %

Shares of BBD.B opened at C$96.98 on Tuesday. The company’s 50 day simple moving average is C$90.54 and its 200-day simple moving average is C$78.07. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$100.00. The firm has a market cap of C$8.39 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s 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 dated 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 Bombardier, Inc. Class B stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. 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.