Bombardier, Inc. Class B (TSE:BBD.B) Upgraded at UBS Group

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a report released on Monday,BayStreet.CA reports. The brokerage currently has a C$95.00 target price on the stock, up from their previous target price of C$77.00. UBS Group’s price objective indicates a potential upside of 1.46% from the stock’s previous close.

Several other research firms have also issued reports on BBD.B. Citigroup lowered their price target on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. Royal Bank of Canada dropped their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. CIBC decreased their price target on Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. TD Securities dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$114.67.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B traded up C$5.05 during mid-day trading on Monday, hitting C$93.63. 584,895 shares of the stock traded hands, compared to its average volume of 614,218. Bombardier, Inc. Class B has a twelve month low of C$46.75 and a twelve month high of C$113.60. The firm has a 50 day simple moving average of C$91.13 and a two-hundred day simple moving average of C$94.76. The company has a market cap of C$8.10 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 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.