Royal Bank of Canada Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$130.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target trimmed by Royal Bank of Canada from C$133.00 to C$130.00 in a research note published on Wednesday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. National Bank Financial boosted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a research note on Friday, November 1st. TD Securities cut their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. CIBC lowered their price objective 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 research note on Monday, December 23rd. Finally, BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Two investment 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 a consensus rating of “Moderate Buy” and an average target price of C$116.92.

Bombardier, Inc. Class B Stock Up 2.0 %

Shares of TSE BBD.B opened at C$93.04 on Wednesday. The company has a market capitalization of C$8.05 billion, a PE ratio of 24.10, a P/E/G ratio of 6.26 and a beta of 2.98. The firm has a fifty day simple moving average of C$98.39 and a 200 day simple moving average of C$95.21. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

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