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

Key Points

• Bombardier, Inc. Class B has received a consensus recommendation of "Moderate Buy" from eleven brokerages, with eight analysts recommending buying the stock and three advising to hold.
• The average 12-month price target for Bombardier shares is C$175.82, with recent price targets ranging from C$135.00 to C$195.00 set by various analysts.
• Insiders have sold a total of 124,838 shares worth approximately C$12.4 million in the last 90 days, indicating notable insider trading activity.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$175.82.

A number of research analysts have recently weighed in on BBD.B shares. JPMorgan Chase & Co. increased their price objective on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a report on Wednesday, July 16th. CIBC raised their price target on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. Scotiabank upped their price objective on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Citigroup boosted their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research note on Monday, July 21st.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B opened at C$167.90 on Friday. The company's fifty day moving average price is C$135.51 and its 200-day moving average price is C$102.76. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$169.68. The firm has a market capitalization of C$14.53 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Director Eric Martel sold 34,678 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. Also, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Insiders have sold 124,838 shares of company stock worth $12,420,520 in the last 90 days. 1.66% of the stock is owned by insiders.

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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