Bombardier, Inc. Class B (TSE:BBD.B) Director Eric Martel Sells 34,678 Shares

Bombardier, Inc. Class B (TSE:BBD.B) Director Eric Martel sold 34,678 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22.

Eric Martel also recently made the following trade(s):

• On Wednesday, June 11th, Eric Martel sold 14,200 shares of Bombardier, Inc. Class B stock. The stock was sold at an average price of C$103.99, for a total transaction of C$1,476,706.28.

Bombardier, Inc. Class B Trading Up 2.9%

TSE BBD.B opened at C$106.00 on Tuesday. The firm has a market capitalization of C$9.17 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 6.26 and a beta of 2.98. The firm’s 50 day simple moving average is C$90.79 and its 200 day simple moving average is C$89.90. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$113.60.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. TD Securities decreased their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada increased their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, Desjardins decreased their target price on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Bombardier, Inc. Class B has an average rating of “Moderate Buy” and an average target price of C$113.67.

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.