Citigroup Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target decreased by Citigroup from C$113.00 to C$107.00 in a research note issued on Monday,BayStreet.CA reports. Citigroup’s price objective points to a potential upside of 28.82% from the company’s current price.

A number of other research firms also recently weighed in on BBD.B. CIBC decreased their price target on shares of Bombardier, Inc. Class B from C$127.00 to C$126.00 in a research report on Thursday. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday, November 1st. TD Securities decreased their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Finally, BMO Capital Markets raised their price target on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$117.50.

Bombardier, Inc. Class B Trading Down 2.3 %

TSE:BBD.B traded down C$1.99 during trading hours on Monday, hitting C$83.06. The stock had a trading volume of 1,144,064 shares, compared to its average volume of 514,590. Bombardier, Inc. Class B has a 1-year low of C$44.29 and a 1-year high of C$113.60. The business has a 50 day simple moving average of C$96.22 and a two-hundred day simple moving average of C$95.49. The company has a market cap of C$7.19 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B 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. Also, 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 value of C$1,990,650.43. 1.66% of the stock is owned by company insiders.

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.