Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$103.00 at National Bankshares

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective cut by National Bankshares from C$134.00 to C$103.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently issued reports on the company. BMO Capital Markets lifted their price target on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. CIBC cut their target price 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 research report on Friday. National Bank Financial increased their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. TD Securities cut their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada lowered their target price on 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B 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. The business has a 50 day moving average price of C$94.54 and a 200 day moving average price of C$95.28. The company has a market capitalization of C$7.19 billion, a P/E ratio of 21.54, 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 Activity at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B 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 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 value of C$521,650.00. 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.