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

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by stock analysts at National Bankshares from C$94.00 to C$95.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 65.65% from the company’s current price.

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

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$57.35 on Tuesday. The firm’s 50 day moving average price is C$54.05 and its 200-day moving average price is C$51.13. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$71.11. The stock has a market cap of C$4.89 billion, a P/E ratio of 8.97, a PEG 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 Bombardier, Inc. Class B stock in a transaction on 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 owned by 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.