Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$134.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by National Bankshares from C$130.00 to C$134.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada cut their target price on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research note on Wednesday. Scotiabank downgraded shares of 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 research note on Friday, November 1st. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday. TD Securities decreased their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, National Bank Financial increased their price target on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$117.25.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$90.44 on Thursday. The company has a market cap of C$7.82 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The stock has a fifty day moving average price of C$97.94 and a 200-day moving average price of C$95.26.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction 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. 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.