Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target upped by National Bankshares from C$94.00 to C$95.00 in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also issued reports on BBD.B. CIBC increased their target price on shares of Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a neutral rating in a research note on Friday, April 12th. Desjardins cut their target price on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. Royal Bank of Canada set a C$95.00 price objective on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a report on Thursday, April 4th. UBS Group upped their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Finally, Scotiabank lowered their price objective on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$81.38.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$56.68 on Tuesday. The firm’s fifty day moving average is C$54.14 and its 200-day moving average is C$51.17. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$71.11. The firm has a market cap of C$4.84 billion, a P/E ratio of 8.87, a P/E/G ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is currently owned by corporate insiders.

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.