Bombardier, Inc. Class B (TSE:BBD.B) Given New C$171.00 Price Target at National Bankshares

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price lifted by analysts at National Bankshares from C$115.00 to C$171.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 15.56% from the company's current price.

Other analysts have also issued reports about the stock. Desjardins upped their price objective on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a research report on Wednesday. Scotiabank upgraded Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$105.00 to C$150.00 in a report on Wednesday. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Finally, Royal Bank Of Canada upped their price objective 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 note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of "Moderate Buy" and an average target price of C$130.08.

Bombardier, Inc. Class B Stock Up 2.8%

Shares of TSE BBD.B traded up C$3.98 during mid-day trading on Thursday, hitting C$147.97. 812,194 shares of the company traded hands, compared to its average volume of 556,596. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$149.84. The stock has a market capitalization of C$12.80 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 6.26 and a beta of 2.98. The business has a 50 day moving average of C$98.38 and a two-hundred day moving average of C$91.10.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$95.00, for a total transaction of C$570,000.00. Also, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B 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 value of C$3,638,204.22. Over the last ninety 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 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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