Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) PT at C$175.82

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 earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$179.00.

BBD.B has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a report on Friday. TD Securities lifted their price target on shares of Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a "buy" rating in a research note on Friday, August 1st. CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday, July 21st. Finally, UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday, August 1st.

Insider Activity

In related news, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. In the last 90 days, insiders have sold 124,838 shares of company stock worth $12,420,520. Corporate insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B traded up C$1.59 during mid-day trading on Friday, reaching C$166.00. 35,577 shares of the company's stock were exchanged, compared to its average volume of 558,751. The firm has a market capitalization of C$14.36 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 6.26 and a beta of 2.98. The business's fifty day moving average price is C$136.89 and its 200-day moving average price is C$103.45. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$169.68.

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.