Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$90.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by Barclays from C$70.00 to C$90.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other research analysts also recently issued reports on the company. BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an outperform rating in a research report on Monday, June 3rd. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an outperform rating in a report on Thursday, July 11th. Scotiabank boosted their price target on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a report on Thursday, July 18th. Royal Bank of Canada boosted their price target on Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the company an outperform rating in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the company a neutral rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$110.00.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock opened at C$82.38 on Tuesday. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$100.00. The company has a market capitalization of C$7.03 billion, a P/E ratio of 22.03, a P/E/G ratio of -0.13 and a beta of 2.99. The business has a 50 day moving average price of C$90.16 and a 200 day moving average price of C$69.33.

Insider Activity

In other news, Senior Officer Eve Laurier sold 7,871 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. In related news, Senior Officer Eve Laurier sold 7,871 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. Also, Senior Officer Daniel Brennan sold 48,010 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of C$89.02, for a total transaction of C$4,273,941.42. Corporate 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.