Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$130.08

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$130.08.

Several equities analysts have recently issued reports on BBD.B shares. Royal Bank Of Canada boosted their price objective on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a report on Friday, May 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. CIBC boosted their price objective on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the stock an "outperform" 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, TD Securities boosted their price objective on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd.

Insiders Place Their Bets

In related news, Director Eric Martel sold 34,678 shares of the company's 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 value of C$3,638,204.22. Also, Senior Officer Paul Sislian sold 9,300 shares of the company's 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. Over the last ninety days, insiders sold 124,838 shares of company stock valued at $12,420,520. Insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Stock Up 0.1%

Shares of BBD.B stock traded up C$0.22 on Monday, hitting C$163.34. The company had a trading volume of 475,982 shares, compared to its average volume of 570,643. The firm has a market cap of C$14.13 billion, a P/E ratio of 42.32, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company has a 50-day moving average price of C$110.75 and a 200-day moving average price of C$94.77. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$165.47.

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.