Bombardier, Inc. Class B (TSE:BBD.B) PT Lowered to C$95.00

Bombardier, Inc. Class B (TSE:BBD.BFree Report) had its target price reduced by Royal Bank of Canada from C$98.00 to C$95.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on the stock. Scotiabank upped their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$90.00 and gave the company an outperform rating in a research note on Monday, January 22nd. National Bankshares cut their price objective on shares of Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an outperform rating for the company in a report on Tuesday, January 9th. Desjardins cut their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. TD Securities upped their price target on shares of Bombardier, Inc. Class B from C$92.00 to C$100.00 and gave the stock a buy rating in a report on Friday, November 3rd. Finally, CIBC dropped their price objective on shares of Bombardier, Inc. Class B from C$62.00 to C$60.00 and set a neutral rating for the company in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$80.08.

Read Our Latest Analysis on Bombardier, Inc. Class B

Bombardier, Inc. Class B Stock Up 2.0 %

Shares of TSE BBD.B opened at C$49.20 on Friday. The stock has a market cap of C$4.09 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of -0.13 and a beta of 3.03. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$74.43. The company’s fifty day moving average is C$51.25 and its 200-day moving average is C$50.80.

Insider Buying and Selling

In other news, Director Eric Martel sold 65,807 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$50.00, for a total value of C$3,290,350.00. In related news, Director Eric Martel sold 65,807 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$50.00, for a total transaction of C$3,290,350.00. Also, Senior Officer Jean-Christophe Gallagher sold 32,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$49.43, for a total transaction of C$1,581,888.00. Over the last 90 days, insiders sold 146,652 shares of company stock worth $7,471,197. Insiders own 1.43% 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.

Further Reading

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

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