Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Recommendation of “Moderate Buy” from Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$112.33.

A number of research firms recently commented on BBD.B. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. CIBC dropped their target price 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 research report on Friday, February 7th. TD Securities dropped their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Citigroup dropped their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. Finally, UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were 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 firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. 1.66% of the stock is currently owned by insiders.

Bombardier, Inc. Class B Trading Up 3.2 %

Shares of BBD.B opened at C$88.00 on Friday. Bombardier, Inc. Class B has a twelve month low of C$46.75 and a twelve month high of C$113.60. The firm’s fifty day simple moving average is C$91.94 and its 200-day simple moving average is C$94.91. The firm has a market capitalization of C$7.61 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 6.26 and a beta of 2.98.

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.