Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, Citigroup Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its price objective raised by Citigroup from C$109.00 to C$195.00 in a report released on Monday,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

BBD.B has been the topic of several other reports. 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. TD Securities increased their target price on shares of 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. UBS Group increased 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. National Bankshares increased their target price on shares of Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada boosted their target price 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 report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$148.50.

Bombardier, Inc. Class B Price Performance

BBD.B stock traded down C$1.24 during midday trading on Monday, hitting C$160.48. The company's stock had a trading volume of 341,364 shares, compared to its average volume of 566,875. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$169.68. The company's fifty day moving average price is C$119.74 and its 200 day moving average price is C$97.50. The stock has a market capitalization of C$13.88 billion, a P/E ratio of 41.58, a PEG ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In related news, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. Also, Senior Officer Daniel Brennan sold 11,206 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total value of C$1,030,952.00. Over the last ninety days, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is currently owned by corporate insiders.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.