Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price increased by equities research analysts at BMO Capital Markets from C$130.00 to C$150.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 0.17% from the company's current price.
A number of other equities analysts have also recently commented on BBD.B. Scotiabank upgraded Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$105.00 to C$150.00 in a report on Wednesday. Desjardins reduced their price objective on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada lifted 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. Finally, UBS Group upped their target price on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$130.08.
Read Our Latest Analysis on Bombardier, Inc. Class B
Bombardier, Inc. Class B Stock Up 1.2%
TSE:BBD.B traded up C$1.73 during trading hours on Wednesday, hitting C$149.75. 233,520 shares of the stock traded hands, compared to its average volume of 555,704. The stock has a 50 day moving average price of C$100.72 and a 200 day moving average price of C$91.77. The company has a market cap of C$12.95 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$149.84.
Insider Buying and Selling
In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 11,206 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total transaction of C$1,030,952.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$95.00, for a total value of C$570,000.00. In the last ninety days, 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
(
Get Free Report)
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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