Citigroup Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$103.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by Citigroup from C$83.00 to C$103.00 in a report released on Tuesday morning, BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the stock. CIBC increased their target price on shares of Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the stock an outperform rating in a report on Monday, May 27th. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an outperform rating in a report on Monday, June 3rd. National Bankshares dropped their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the stock a neutral rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$106.40.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock opened at C$84.67 on Tuesday. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$94.24. The stock has a market cap of C$7.22 billion, a PE ratio of 22.64, a PEG ratio of -0.13 and a beta of 2.99. The firm’s 50 day moving average price is C$82.88 and its two-hundred day moving average price is C$63.73.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 48,010 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total transaction of C$4,273,941.42. In related news, Senior Officer Eve Laurier sold 7,871 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$87.33, for a total value of C$687,377.58. Also, Senior Officer Daniel Brennan sold 48,010 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total transaction of C$4,273,941.42. Insiders have sold 83,919 shares of company stock worth $6,923,979 in the last ninety days. 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.