BMO Capital Markets Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$190.00

Key Points

• BMO Capital Markets has raised its price target for Bombardier, Inc. Class B from C$185.00 to C$190.00, indicating a potential upside of 19.72% from the stock's current price.
• Other analysts have also increased their price targets, with Royal Bank of Canada setting a target of C$202.00 and Scotiabank raising it to C$190.00, both maintaining an "outperform" rating.
• Bombardier, Inc. Class B stock recently traded at C$158.70, with a market capitalization of C$15.74 billion and a consensus rating of "Moderate Buy" from research analysts.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target hoisted by stock analysts at BMO Capital Markets from C$185.00 to C$190.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 19.72% from the stock's current price.

BBD.B has been the topic of several other research reports. Royal Bank Of Canada lifted their price objective on Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Scotiabank lifted their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Citigroup boosted their price target on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a report on Monday, July 21st. National Bankshares raised their price objective on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, CIBC lifted their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$179.45.

Bombardier, Inc. Class B Trading Up 0.3%

BBD.B stock traded up C$0.47 during trading on Thursday, reaching C$158.70. 239,741 shares of the stock were exchanged, compared to its average volume of 565,212. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$172.67. The company has a market capitalization of C$15.74 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07. The stock has a 50 day simple moving average of C$161.34 and a 200-day simple moving average of C$115.32.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$107.50, for a total transaction of C$430,000.00. Also, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$104.91, for a total value of C$3,638,204.22. Company insiders own 1.66% of the company's stock.

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.

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