Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$135.00

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 released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on BBD.B. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial lifted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a report on Friday, November 1st. CIBC lowered 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. Finally, TD Securities decreased their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$114.50.

Bombardier, Inc. Class B Price Performance

TSE BBD.B opened at C$93.03 on Tuesday. The business has a 50 day moving average price of C$99.14 and a 200 day moving average price of C$95.16. The company has a market capitalization of C$8.05 billion, a P/E ratio of 24.10, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1-year low of C$44.29 and a 1-year high of C$113.60.

Insider Buying and Selling

In related news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction dated 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 company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Company 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.