Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$91.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by stock analysts at JPMorgan Chase & Co. from C$75.00 to C$91.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 2.27% from the company’s previous close.

Several other equities analysts have also issued reports on BBD.B. UBS Group upped their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. National Bankshares cut their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Desjardins upped their price target on 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, May 2nd. BMO Capital Markets upped their price target on Bombardier, Inc. Class B from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada upped their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.90.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$88.98 on Friday. The firm has a market cap of C$7.59 billion, a P/E ratio of 23.79, a P/E/G ratio of -0.13 and a beta of 2.99. The business’s fifty day moving average is C$64.93 and its two-hundred day moving average is C$55.85. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$91.36.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 28,038 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$70.00, for a total value of C$1,962,660.00. In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 28,038 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$70.00, for a total value of C$1,962,660.00. Also, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the 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. 1.66% of the stock is currently owned by corporate 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.