Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$130.00 at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective dropped by analysts at TD Securities from C$132.00 to C$130.00 in a report issued on Friday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 31.29% from the company’s previous close.

BBD.B has been the topic of a number of other reports. National Bank Financial boosted their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Barclays upped their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a report on Friday, November 1st. National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday. Finally, CIBC reduced their price target on shares of Bombardier, Inc. Class B from C$134.00 to C$131.00 in a report on Friday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$114.33.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock traded up C$0.05 during trading on Friday, hitting C$99.02. 187,449 shares of the company’s stock traded hands, compared to its average volume of 432,922. The firm’s fifty day moving average price is C$98.91 and its 200 day moving average price is C$87.86. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The company has a market cap of C$8.57 billion, a PE ratio of 25.65, a PEG ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. In other news, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total value of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. 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.