Scotiabank Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$190.00

Key Points

• Scotiabank has raised its price target for Bombardier, Inc. Class B from C$150.00 to C$190.00, indicating a potential upside of 16.14% based on the stock's previous close.
• Multiple analysts have upgraded their price targets for Bombardier, with Citigroup setting the highest target at C$195.00 and the consensus target price now at C$175.82.
• Bombardier's stock saw an increase of 1.3% during trading, closing at C$163.59, with a 52-week range from C$71.79 to C$169.68.

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its price objective boosted by Scotiabank from C$150.00 to C$190.00 in a report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on BBD.B. JPMorgan Chase & Co. upped their target price on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research report on Wednesday, July 16th. TD Securities downgraded Bombardier, Inc. Class B from a "buy" rating to a "hold" rating and increased their price target for the company from C$151.00 to C$173.00 in a report on Tuesday, July 22nd. Desjardins increased their price target on Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. National Bankshares increased their price target on Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the company an "outperform" rating in a report on Friday. Finally, Citigroup increased their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$175.82.

Bombardier, Inc. Class B Trading Down 0.4%

TSE:BBD.B traded down C$0.64 on Friday, hitting C$163.23. 144,276 shares of the stock were exchanged, compared to its average volume of 562,717. The stock has a market cap of C$14.12 billion, a PE ratio of 42.29, a PEG ratio of 6.26 and a beta of 2.98. The stock has a fifty day moving average of C$131.13 and a 200-day moving average of C$101.38. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$169.68.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Paul Sislian sold 9,300 shares of the business's 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. Also, 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. In the last ninety days, insiders sold 124,838 shares of company stock valued at $12,420,520. Corporate insiders own 1.66% of the company's stock.

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.