JPMorgan Chase & Co. Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its price objective raised by JPMorgan Chase & Co. from C$100.00 to C$135.00 in a research report report published on Wednesday,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. National Bankshares upped their price target on Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. TD Securities increased their target price on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. CIBC increased their target price on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their target price on 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. Finally, BMO Capital Markets raised their price objective on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and an average price target of C$133.00.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B traded up C$2.34 during trading hours on Wednesday, hitting C$165.55. 325,237 shares of the company's stock traded hands, compared to its average volume of 569,580. The firm has a market cap of C$14.32 billion, a P/E ratio of 42.89, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$165.72. The stock's fifty day moving average price is C$115.42 and its two-hundred day moving average price is C$96.18.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$107.50, for a total transaction of C$430,000.00. Also, Senior Officer Paul Sislian sold 9,300 shares of Bombardier, Inc. Class B stock in a transaction 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. Over the last three months, insiders sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is currently owned by insiders.

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.