BMO Capital Markets Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target boosted by BMO Capital Markets from C$85.00 to C$95.00 in a research report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. Scotiabank boosted their price objective on Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the company an outperform rating in a research note on Thursday. CIBC raised Bombardier, Inc. Class B from a neutral rating to an outperform rating and boosted their price target for the company from C$67.00 to C$91.00 in a research note on Thursday. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Desjardins lifted their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a buy rating in a research note on Thursday. Finally, Royal Bank of Canada increased their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a research note on Thursday. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Bombardier, Inc. Class B has an average rating of Moderate Buy and an average price target of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

BBD.B stock opened at C$71.21 on Thursday. The firm has a market cap of C$6.07 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96. The company’s fifty day simple moving average is C$56.94 and its 200 day simple moving average is C$52.38. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$71.49.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by company insiders.

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.