Bombardier, Inc. Class B (TSE:BBD.B) Given New C$190.00 Price Target at Scotiabank

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 - Get Free Report) had its price target increased by investment analysts at Scotiabank from C$150.00 to C$190.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 16.14% from the company's previous close.

Other research analysts have also issued reports about the company. National Bankshares increased their target price on Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a research report on Friday. BMO Capital Markets increased their price target on Bombardier, Inc. Class B from C$150.00 to C$185.00 in a report on Monday, July 21st. 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. Royal Bank Of Canada increased their price target on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup raised their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$175.82.

Bombardier, Inc. Class B Trading Up 1.3%

Shares of Bombardier, Inc. Class B stock traded up C$2.02 during trading hours on Friday, reaching C$163.59. 283,150 shares of the company's stock were exchanged, compared to its average volume of 564,103. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$169.68. The firm has a market capitalization of C$14.15 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company has a fifty day moving average of C$128.17 and a 200-day moving average of C$100.23.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$95.00, for a total value of C$570,000.00. Also, Senior Officer Daniel Brennan sold 11,206 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$92.00, for a total transaction of C$1,030,952.00. Insiders have sold 124,838 shares of company stock valued at $12,420,520 in the last three months. Company 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.

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