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Bombardier, Inc. Class B (TSE:BBD.B) Receives C$130.08 Consensus Target Price from Brokerages

Bombardier, Inc. Class B logo with Industrials background

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten research firms that are presently covering the firm, 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is C$133.00.

A number of research analysts have recently weighed in on the stock. CIBC raised their price objective on shares of 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 raised their price objective 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 note on Thursday, July 3rd. BMO Capital Markets raised their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. TD Securities lifted 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 note on Thursday, July 3rd. Finally, Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd.

Check Out Our Latest Stock Analysis on BBD.B

Insider Buying and Selling

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$95.00, for a total transaction of C$570,000.00. Also, Senior Officer Daniel Brennan sold 11,206 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total transaction of C$1,030,952.00. Insiders have sold 124,838 shares of company stock worth $12,420,520 over the last 90 days. Company insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Stock Down 0.2%

Shares of BBD.B traded down C$0.39 during mid-day trading on Monday, reaching C$163.21. 445,017 shares of the company's stock were exchanged, compared to its average volume of 571,363. The company has a 50-day simple moving average of C$113.84 and a two-hundred day simple moving average of C$95.71. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$165.47. The company has a market cap of C$14.12 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 6.26 and a beta of 2.98.

Bombardier, Inc. Class B Company Profile

(Get Free Report

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

See Also

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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