Insider Selling: Bombardier, Inc. Class B (TSE:BBD.B) Director Sells 34,678 Shares of Stock

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) Director Eric Martel sold 34,678 shares of the firm's stock in a transaction dated 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.

Eric Martel also recently made the following trade(s):

• On Wednesday, June 11th, Eric Martel sold 14,200 shares of Bombardier, Inc. Class B stock. The stock was sold at an average price of C$103.99, for a total value of C$1,476,706.28.

Bombardier, Inc. Class B Stock Down 0.1%

Shares of BBD.B traded down C$0.15 during trading hours on Thursday, reaching C$106.60. 74,910 shares of the company traded hands, compared to its average volume of 534,957. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$113.60. The company's fifty day moving average price is C$91.63 and its two-hundred day moving average price is C$90.06. The company has a market capitalization of C$9.22 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBD.B shares. BMO Capital Markets cut their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada increased their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. TD Securities cut their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group upped their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. Finally, National Bankshares increased their target price on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$113.67.

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.