Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$81.38.

A number of research analysts have recently commented on BBD.B shares. National Bankshares raised their target price on Bombardier, Inc. Class B from C$94.00 to C$95.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group raised their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Desjardins reduced their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, CIBC raised their price objective on Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the company a “neutral” rating in a research report on Friday, April 12th.

Bombardier, Inc. Class B Stock Up 0.7 %

BBD.B opened at C$57.07 on Friday. The stock has a market cap of C$4.87 billion, a PE ratio of 8.93, a PEG ratio of -0.13 and a beta of 2.96. The business has a 50 day moving average of C$54.39 and a 200-day moving average of C$51.21. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$70.17.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. Insiders own 1.66% of the company’s stock.

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.