Citigroup Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price reduced by analysts at Citigroup from C$113.00 to C$107.00 in a note issued to investors on Monday,BayStreet.CA reports. Citigroup’s target price would indicate a potential upside of 28.82% from the stock’s previous close.

Several other research firms have also recently weighed in on BBD.B. CIBC reduced their price objective on Bombardier, Inc. Class B from C$127.00 to C$126.00 in a research report on Thursday. UBS Group increased their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. BMO Capital Markets increased their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. TD Securities cut their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$117.50.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B traded down C$1.99 during mid-day trading on Monday, hitting C$83.06. The company’s stock had a trading volume of 1,144,064 shares, compared to its average volume of 514,590. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60. The firm has a market capitalization of C$7.19 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock’s 50-day moving average is C$96.22 and its two-hundred day moving average is C$95.49.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value 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 shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Corporate 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.