Bombardier, Inc. Class B (TSE:BBD.B) Receives C$79.64 Consensus PT from Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$80.10.

A number of analysts have recently commented on the company. Royal Bank of Canada cut their price target on Bombardier, Inc. Class B from C$98.00 to C$95.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. National Bankshares dropped their price objective on Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 9th. Scotiabank upped their price objective on Bombardier, Inc. Class B from C$85.00 to C$90.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Desjardins dropped their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. Finally, CIBC dropped their price objective on Bombardier, Inc. Class B from C$62.00 to C$60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 10th.

Bombardier, Inc. Class B Stock Down 0.6 %

Shares of Bombardier, Inc. Class B stock opened at C$58.15 on Tuesday. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$74.43. The business has a fifty day simple moving average of C$52.03 and a 200 day simple moving average of C$50.21. The stock has a market cap of C$4.96 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. Corporate 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.