Scotiabank Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$83.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective dropped by equities research analysts at Scotiabank from C$85.00 to C$83.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 38.96% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Desjardins decreased their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. CIBC decreased their price target on shares of Bombardier, Inc. Class B from C$62.00 to C$60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Royal Bank of Canada set a C$95.00 price objective on shares of Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, National Bankshares dropped their price objective on shares of Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an “outperform” rating for the company in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$81.00.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B traded down C$1.71 on Wednesday, hitting C$59.73. The stock had a trading volume of 316,645 shares, compared to its average volume of 432,525. The stock has a market cap of C$5.10 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$72.29. The firm’s fifty day simple moving average is C$53.16 and its two-hundred day simple moving average is C$50.64.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 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.