Royal Bank of Canada Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by equities researchers at Royal Bank of Canada from C$130.00 to C$116.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 39.73% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Citigroup dropped their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday. TD Securities cut their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank downgraded shares of 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 note on Friday, November 1st. National Bank Financial increased their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, UBS Group lifted their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of “Moderate Buy” and an average target price of C$112.33.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B traded up C$3.16 during mid-day trading on Friday, reaching C$83.02. 564,139 shares of the company’s stock were exchanged, compared to its average volume of 604,463. The firm has a market capitalization of C$7.18 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm has a 50-day moving average price of C$94.74 and a two-hundred day moving average price of C$95.31. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60.

Insider Buying and Selling

In related news, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value 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 shares were sold at an average price of C$104.33, for a total value of C$521,650.00. 1.66% of the stock is owned by corporate 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.