National Bankshares Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by National Bankshares from C$130.00 to C$134.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 44.47% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. National Bank Financial raised their target price on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Royal Bank of Canada decreased their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday. UBS Group lifted their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday. CIBC reduced their target price on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Finally, BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$117.25.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock traded down C$0.29 during trading hours on Thursday, hitting C$92.75. 214,631 shares of the company were exchanged, compared to its average volume of 390,069. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The company has a 50 day simple moving average of C$98.21 and a two-hundred day simple moving average of C$95.25. The firm has a market cap of C$8.02 billion, a P/E ratio of 24.03, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. 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.