Scotiabank Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$100.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Scotiabank from C$90.00 to C$100.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a research note on Thursday, May 2nd. Desjardins boosted their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a buy rating in a report on Thursday, May 2nd. BMO Capital Markets lifted their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$95.00 and gave the company an outperform rating in a research report on Thursday, May 2nd. UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, National Bankshares decreased their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$88.90.

Bombardier, Inc. Class B Stock Up 5.6 %

Bombardier, Inc. Class B stock opened at C$88.98 on Thursday. The firm has a market cap of C$7.59 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$91.36. The company’s 50 day moving average is C$64.93 and its two-hundred day moving average is C$55.85.

Insiders Place Their Bets

In related 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 stock was sold at an average price of C$59.00, for a total value of C$767,039.00. In other news, Senior Officer Daniel Brennan sold 28,038 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of C$70.00, for a total value of C$1,962,660.00. Also, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the 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. Company 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.