Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$101.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by analysts at Desjardins from C$96.00 to C$101.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 58.66% from the stock’s current price.

Several other analysts have also recently commented on the company. CIBC raised their price target on Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the company a “neutral” rating in a report on Friday. UBS Group raised their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Scotiabank reduced their price target on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th. National Bankshares reduced their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a report on Friday. Finally, Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Thursday, April 4th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$82.00.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock traded up C$1.92 during mid-day trading on Friday, reaching C$63.66. 433,979 shares of the company were exchanged, compared to its average volume of 435,897. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$68.79. The firm’s 50-day simple moving average is C$54.96 and its two-hundred day simple moving average is C$51.54. The firm has a market cap of C$5.43 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling

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