Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) PT at C$113.67

Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$113.67.

Several analysts have weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. BMO Capital Markets dropped their price target on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. TD Securities dropped their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Desjardins dropped their price target on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, CIBC lifted their price objective on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, May 2nd.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 9,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total value of C$430,000.00. In the last quarter, insiders sold 124,838 shares of company stock valued at $12,420,520. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$111.80 on Thursday. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$113.60. The company has a market capitalization of C$9.67 billion, a P/E ratio of 28.96, a P/E/G ratio of 6.26 and a beta of 2.98. The stock has a fifty day moving average of C$93.33 and a 200-day moving average of C$90.10.

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.