Bombardier, Inc. Class B (TSE:BBD.B) Given New C$101.00 Price Target at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by Desjardins from C$96.00 to C$101.00 in a report published on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

BBD.B has been the topic of a number of other research reports. Scotiabank cut their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a report on Wednesday, April 10th. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the company a neutral rating in a research report on Friday. TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a buy rating in a research report on Friday. National Bankshares lowered their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a research report on Friday. Finally, UBS Group boosted their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$82.00.

Bombardier, Inc. Class B Price Performance

BBD.B stock opened at C$63.79 on Friday. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$68.79. The company’s 50 day simple moving average is C$55.20 and its 200-day simple moving average is C$51.61. The firm has a market capitalization of C$5.44 billion, a P/E ratio of 9.98, a P/E/G ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. Insiders own 1.66% of the company’s stock.

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.