Bombardier, Inc. Class B (TSE:BBD.B) Given Average Recommendation of "Moderate Buy" by Brokerages

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$113.67.

A number of equities research analysts have recently weighed in on BBD.B shares. Desjardins cut their price target on Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada lifted their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, BMO Capital Markets cut their price target 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.

Bombardier, Inc. Class B Trading Up 0.2%

BBD.B traded up C$0.22 during trading on Friday, reaching C$91.87. 128,443 shares of the company were exchanged, compared to its average volume of 553,462. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$113.60. The firm has a 50 day moving average of C$85.68 and a 200 day moving average of C$89.78. The stock has a market cap of C$7.95 billion, a P/E ratio of 23.80, a PEG ratio of 6.26 and a beta of 2.98.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 7,227 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$91.35, for a total value of C$660,186.45. Also, Senior Officer Daniel Brennan sold 11,206 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$92.00, for a total value of C$1,030,952.00. In the last three months, insiders have sold 25,660 shares of company stock valued at $2,351,325. 1.66% of the stock is currently owned by 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.