Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$99.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target upped by Royal Bank of Canada from C$95.00 to C$99.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities analysts also recently commented on BBD.B. UBS Group upped their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. TD Securities increased their price objective on Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the stock a buy rating in a research report on Friday, April 26th. National Bankshares dropped their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a report on Friday, April 26th. Scotiabank decreased 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 research note on Wednesday, April 10th. Finally, CIBC lifted their price objective on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a neutral rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$71.21 on Thursday. The firm has a market cap of C$6.07 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$71.49. The firm’s 50-day simple moving average is C$56.94 and its 200 day simple moving average is C$52.44.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were 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 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.