Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Target Price at C$112.00

Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$110.00.

A number of brokerages have commented on BBD.B. National Bankshares upped their price target on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. upped their price target on Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. TD Securities upped their price target on Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Scotiabank upped their price target on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a research report on Thursday, July 18th. Finally, Barclays upped their price target on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday.

Insider Activity

In related news, Senior Officer Daniel Brennan sold 48,010 shares of the firm’s stock in a transaction that occurred 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. In related news, Senior Officer Daniel Brennan sold 48,010 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer Eve Laurier sold 7,871 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$87.33, for a total value of C$687,377.58. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$82.38 on Monday. The stock has a market cap of C$7.03 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$100.00. The stock has a fifty day moving average of C$90.16 and a 200 day moving average of C$69.33.

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.