Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$185.00 at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price hoisted by equities research analysts at BMO Capital Markets from C$150.00 to C$185.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 11.33% from the company's current price.

Several other brokerages also recently weighed in on BBD.B. CIBC upped their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday. Desjardins lifted their price objective on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. National Bankshares raised 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 report on Thursday, July 3rd. UBS Group upped their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$146.67.

Bombardier, Inc. Class B Stock Up 0.4%

Shares of BBD.B stock traded up C$0.63 during mid-day trading on Monday, reaching C$166.18. The company's stock had a trading volume of 343,219 shares, compared to its average volume of 567,843. The company's 50 day simple moving average is C$115.42 and its 200-day simple moving average is C$96.16. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$169.68. The firm has a market capitalization of C$14.38 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Paul Sislian sold 9,300 shares of the business's 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. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$95.00, for a total value of C$570,000.00. Over the last three months, insiders sold 124,838 shares of company stock valued at $12,420,520. Corporate 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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