Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective increased by analysts at BMO Capital Markets from C$150.00 to C$185.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential upside of 15.28% from the company's previous close.
BBD.B has been the subject of several other reports. TD Securities boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Scotiabank raised Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd. Desjardins boosted their price objective on Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. National Bankshares boosted their price objective 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. Finally, JPMorgan Chase & Co. upped their price target on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$148.50.
View Our Latest Stock Report on Bombardier, Inc. Class B
Bombardier, Inc. Class B Stock Performance
Shares of BBD.B traded down C$1.24 during trading hours on Monday, hitting C$160.48. 341,364 shares of the stock were exchanged, compared to its average volume of 566,875. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$169.68. The company has a market cap of C$13.88 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock's 50-day moving average price is C$119.74 and its two-hundred day moving average price is C$97.50.
Insider Activity at Bombardier, Inc. Class B
In other news, Senior Officer Barton Wade Demosky sold 4,000 shares of the company's stock in a transaction dated 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 Eve Laurier sold 4,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$99.26, for a total transaction of C$397,032.40. In the last three months, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is owned by corporate insiders.
About Bombardier, Inc. Class B
(
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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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