National Bankshares Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report) had its price objective raised by stock analysts at National Bankshares from C$130.00 to C$134.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 44.47% from the stock’s previous close.

BBD.B has been the topic of several other reports. Royal Bank of Canada cut their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. CIBC decreased their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Finally, Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$117.25.

Check Out Our Latest Stock Analysis on Bombardier, Inc. Class B

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B traded down C$0.29 during mid-day trading on Thursday, hitting C$92.75. 214,631 shares of the company traded hands, compared to its average volume of 390,069. The firm has a market cap of C$8.02 billion, a P/E ratio of 24.03, a PEG ratio of 6.26 and a beta of 2.98. The firm’s 50 day simple moving average is C$98.21 and its 200 day simple moving average is C$95.25. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60.

Insiders Place Their Bets

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Company insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

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

Featured Articles

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.