Bombardier, Inc. Class B (TSE:BBD.B) Given New C$128.00 Price Target at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by National Bank Financial to C$128.00 in a research report released on Thursday morning, Stock Target Advisor reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also commented on BBD.B. Scotiabank raised their target price on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a report on Thursday, July 18th. Barclays raised their target price on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. CIBC raised their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Royal Bank of Canada raised their target price on Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the stock an outperform rating in a report on Tuesday, July 2nd. Finally, Citigroup boosted their price objective on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a buy rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of Moderate Buy and a consensus price target of C$111.50.

Bombardier, Inc. Class B Stock Up 1.9 %

Bombardier, Inc. Class B stock opened at C$110.46 on Thursday. The firm has a market cap of C$9.56 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$110.70. The business’s 50-day moving average price is C$92.36 and its 200 day moving average price is C$82.36.

Insider Transactions at Bombardier, Inc. Class B

In other news, 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. In other news, 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. Also, 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 value of C$366,280.00. Corporate 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.