Desjardins Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$102.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective upped by Desjardins from C$101.00 to C$102.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Scotiabank dropped their target price 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. National Bankshares dropped their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a research report on Friday, April 26th. 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. Royal Bank of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a report on Thursday. Finally, TD Securities increased their target price on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the company a buy rating in a research report on Thursday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of Moderate Buy and an average target price of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

TSE:BBD.B opened at C$71.21 on Thursday. The firm’s fifty day simple moving average is C$56.94 and its 200 day simple moving average is C$52.44. The stock has a market cap of C$6.07 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$71.49.

Insider Buying and Selling

In other Bombardier, Inc. Class B 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 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.