Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$130.00 at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by analysts at TD Securities from C$132.00 to C$130.00 in a report released on Friday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 31.29% from the stock’s current price.

A number of other research analysts have also recently commented on BBD.B. National Bank Financial upped their price target on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a report on Friday, November 1st. CIBC dropped their target price on Bombardier, Inc. Class B from C$134.00 to C$131.00 in a research report on Friday. Barclays boosted their price target on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Finally, National Bankshares increased their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus price target of C$114.33.

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded up C$0.05 on Friday, hitting C$99.02. 187,449 shares of the company’s stock were exchanged, compared to its average volume of 432,922. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The firm has a 50 day moving average price of C$98.91 and a two-hundred day moving average price of C$87.86. The stock has a market cap of C$8.57 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other news, Senior Officer Eve Laurier sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. 1.66% of the stock is currently owned by company 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.