National Bankshares Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price trimmed by National Bankshares from C$134.00 to C$103.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also commented on BBD.B. Citigroup reduced their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. National Bank Financial upped their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. CIBC lowered their price target on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada cut their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a report on Friday. Finally, UBS Group raised their target price on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$112.33.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B opened at C$83.15 on Friday. Bombardier, Inc. Class B has a 12 month low of C$44.29 and a 12 month high of C$113.60. The business’s 50-day moving average is C$94.54 and its two-hundred day moving average is C$95.28. The firm has a market capitalization of C$7.19 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were 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 dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is currently owned by 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.