Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) PT at C$112.00

Bombardier, Inc. Class B (TSE:BBD.B) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$110.00.

Several equities research analysts have issued reports on the company. Barclays raised their target price on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the company a “neutral” rating in a report on Friday, May 24th. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Royal Bank of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. Finally, TD Securities increased their price objective on shares of Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th.

Bombardier, Inc. Class B Stock Down 7.2 %

Shares of BBD.B opened at C$82.38 on Monday. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$100.00. The stock has a fifty day simple moving average of C$90.16 and a two-hundred day simple moving average of C$69.56. The company has a market capitalization of C$7.03 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 48,010 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total value of C$4,273,941.42. In other news, Senior Officer Eve Laurier sold 7,871 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$87.33, for a total transaction of C$687,377.58. Also, Senior Officer Daniel Brennan sold 48,010 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$89.02, for a total value of C$4,273,941.42. 1.66% of the stock is currently owned by company insiders.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.