Bombardier, Inc. Class B (TSE:BBD.B) Cut to "Hold" at TD Securities

TD Securities downgraded shares of Bombardier, Inc. Class B (TSE:BBD.B - Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The firm currently has C$173.00 target price on the stock, up from their prior target price of C$151.00.

Several other equities research analysts also recently weighed in on BBD.B. CIBC raised their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday. BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday. Desjardins boosted their target price on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Finally, Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$105.00 to C$150.00 in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and a consensus price target of C$148.50.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B traded up C$1.33 during trading on Tuesday, hitting C$161.81. The stock had a trading volume of 369,396 shares, compared to its average volume of 565,494. The stock has a market capitalization of C$14.00 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$169.68. The stock has a 50 day simple moving average of C$121.15 and a 200 day simple moving average of C$97.92.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction that occurred 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, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction 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. Over the last quarter, insiders sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is currently owned by company 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.