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

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 target price lifted by research analysts at BMO Capital Markets from C$185.00 to C$190.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 11.30% from the stock's current price.

BBD.B has been the topic of several other reports. National Bankshares increased their target price on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. TD Securities upped their price objective on shares of Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Royal Bank Of Canada upped their price objective on shares of 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. JPMorgan Chase & Co. upped their price objective on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a report on Friday, August 8th. Finally, CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$179.45.

Bombardier, Inc. Class B Trading Up 0.3%

TSE BBD.B traded up C$0.43 on Thursday, hitting C$170.71. 416,302 shares of the company were exchanged, compared to its average volume of 566,267. The company has a market cap of C$16.93 billion, a PE ratio of 39.24, a PEG ratio of 6.26 and a beta of 2.07. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$172.67. The stock has a fifty day moving average of C$162.10 and a 200-day moving average of C$117.34.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total transaction of C$430,000.00. 1.66% of the stock is owned by corporate insiders.

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.