Bombardier, Inc. Class B (TSE:BBD.B) Receives C$179.00 Average PT from Brokerages

Key Points

• Bombardier, Inc. Class B has received a consensus rating of "Moderate Buy" from eleven ratings firms, with eight firms recommending a buy and three recommending hold.
• The average 12-month target price for Bombardier shares among analysts is C$179.00, with various brokerages increasing their target prices significantly.
• Insider selling activity has been notable, with two senior officers selling a combined total of approximately C$1.4 million worth of shares in recent transactions.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$179.00.

A number of analysts have commented on BBD.B shares. JPMorgan Chase & Co. upped their price objective on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research note on Friday, August 8th. Citigroup boosted their price objective on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research report on Monday, July 21st. BMO Capital Markets increased their price objective on Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday, July 21st. National Bankshares lifted their price objective on Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Scotiabank upped their price objective on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an "outperform" rating in a research note on Friday, August 1st.

Bombardier, Inc. Class B Stock Up 0.0%

Shares of TSE BBD.B traded up C$0.02 during trading on Tuesday, reaching C$156.90. 341,894 shares of the stock were exchanged, compared to its average volume of 575,170. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$172.67. The business's 50-day moving average price is C$158.11 and its 200 day moving average price is C$113.01. The company has a market capitalization of C$15.56 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 6.26 and a beta of 1.86.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$99.26, for a total value of C$397,032.40. Also, Senior Officer Paul Sislian sold 9,300 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Over the last 90 days, insiders have sold 70,178 shares of company stock worth $7,317,837. Insiders own 1.66% of the company's stock.

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.