Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) PT at C$112.33

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$113.08.

Several equities research analysts have recently commented on BBD.B shares. BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. CIBC cut their price target on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Citigroup reduced their price target on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. Finally, National Bankshares lowered their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, 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 transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B 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. Company insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B opened at C$89.99 on Friday. The company has a market capitalization of C$7.79 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock has a fifty day moving average of C$91.42 and a 200-day moving average of C$94.81. Bombardier, Inc. Class B has a one year low of C$46.75 and a one year high of C$113.60.

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.