National Bankshares Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$92.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price reduced by equities researchers at National Bankshares from C$95.00 to C$92.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 44.52% from the company’s current price.

BBD.B has been the topic of several other reports. UBS Group upped their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Scotiabank lowered their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B and gave the company an “outperform” rating in a research report on Thursday, April 4th. TD Securities upped their price objective on Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday. Finally, Desjardins lowered their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$82.00.

Bombardier, Inc. Class B Trading Up 3.1 %

Shares of BBD.B stock traded up C$1.92 during midday trading on Friday, reaching C$63.66. 433,979 shares of the stock were exchanged, compared to its average volume of 435,897. The company’s 50 day moving average is C$54.96 and its two-hundred day moving average is C$51.54. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$68.79. 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 Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently 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.