Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective boosted by analysts at BMO Capital Markets from C$130.00 to C$150.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 0.17% from the company's current price.
A number of other research firms have also commented on BBD.B. Desjardins reduced their price target on Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. National Bankshares upped their price target on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Scotiabank upgraded Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$105.00 to C$150.00 in a research report on Wednesday. CIBC upped their price target on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada upped 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 research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$130.08.
View Our Latest Report on BBD.B
Bombardier, Inc. Class B Stock Up 1.2%
Shares of TSE BBD.B traded up C$1.73 during trading on Wednesday, reaching C$149.75. The company had a trading volume of 233,520 shares, compared to its average volume of 555,704. The company's fifty day moving average price is C$100.72 and its 200-day moving average price is C$91.77. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$149.84. The stock has a market cap of C$12.95 billion, a P/E ratio of 38.80, a PEG ratio of 6.26 and a beta of 2.98.
Insider Activity at Bombardier, Inc. Class B
In related news, Senior Officer Eve Laurier sold 4,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$99.26, for a total transaction of C$397,032.40. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total value of C$430,000.00. Insiders have sold 124,838 shares of company stock worth $12,420,520 over the last quarter. 1.66% of the stock is owned by company 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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