Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$104.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by TD Securities from C$102.00 to C$104.00 in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on BBD.B. National Bankshares upped their price objective 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, April 16th. CIBC upped 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 note on Friday, April 12th. Desjardins cut their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. UBS Group upped their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Finally, Scotiabank cut their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$82.00.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$63.79 on Friday. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$68.79. The business’s 50-day simple moving average is C$55.42 and its 200 day simple moving average is C$51.75. The stock has a market cap of C$5.44 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value 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.