Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$143.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.BFree Report) had its price target raised by Desjardins from C$102.00 to C$143.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on BBD.B. Royal Bank of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a research report on Thursday, May 2nd. UBS Group boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the company a neutral rating in a research report on Friday, May 24th. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the company an outperform rating in a research report on Monday, May 27th. Finally, BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the company an outperform rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$99.70.

View Our Latest Stock Analysis on BBD.B

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$89.28 on Thursday. The stock has a market cap of C$7.62 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$94.24. The firm has a 50-day moving average of C$70.11 and a two-hundred day moving average of C$58.12.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 28,038 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were 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 Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer Daniel Brennan sold 28,038 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

Further Reading

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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