Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by BMO Capital Markets from C$129.00 to C$135.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other brokerages have also commented on BBD.B. National Bankshares raised their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. CIBC decreased their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective on the stock. in a research note on Friday, November 1st. TD Securities decreased their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, 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 report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and a consensus price target of C$114.50.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B opened at C$93.03 on Tuesday. The firm has a 50 day simple moving average of C$99.14 and a 200 day simple moving average of C$95.16. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60. The company has a market cap of C$8.05 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In related news, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Insiders own 1.66% of the company’s stock.

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.