Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$130.00 at National Bankshares

Bombardier, Inc. Class B (TSE:BBD.B) had its price target raised by National Bankshares from C$128.00 to C$130.00 in a research note published on Friday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Barclays raised their price objective on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a research report on Friday, November 1st. Finally, 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 report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$114.33.

Bombardier, Inc. Class B Stock Down 1.0 %

Shares of TSE BBD.B traded down C$1.02 during mid-day trading on Friday, reaching C$97.95. 341,603 shares of the company were exchanged, compared to its average volume of 433,633. The firm has a 50-day moving average of C$99.09 and a 200 day moving average of C$88.13. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The stock has a market cap of C$8.47 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Activity at Bombardier, Inc. Class B

In other 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 shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction that occurred 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. 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 shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. 1.66% of the stock is currently owned by insiders.

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.