Bombardier, Inc. Class B (TSE:BBD.B) PT Lowered to C$83.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by Scotiabank from C$85.00 to C$83.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the company. Royal Bank of Canada set a C$95.00 target price on Bombardier, Inc. Class B and gave the stock an outperform rating in a research note on Thursday, April 4th. CIBC dropped their price objective on 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. Desjardins dropped their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. UBS Group increased their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Finally, National Bankshares dropped their price objective on Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an outperform rating for the company in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$81.13.

Bombardier, Inc. Class B Trading Down 2.1 %

Shares of TSE BBD.B opened at C$58.60 on Wednesday. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$72.29. The firm has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 9.17, a PEG ratio of -0.13 and a beta of 2.96. The business has a 50-day moving average of C$53.72 and a 200-day moving average of C$50.87.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is owned by corporate 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.