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

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

Other equities analysts have also recently issued reports about the stock. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. TD Securities reduced their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. CIBC dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Scotiabank cut shares of 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. Finally, BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$116.92.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$93.04 on Wednesday. The business’s 50-day simple moving average is C$98.39 and its 200 day simple moving average is C$95.21. The firm has a market capitalization of C$8.05 billion, a PE ratio of 24.10, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week 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 Bombardier, Inc. Class B stock in a transaction that occurred 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. Also, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction that occurred 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. 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.