Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$113.67.
Several research analysts recently commented on BBD.B shares. BMO Capital Markets reduced their price objective on Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Desjardins decreased their price target on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an "outperform" rating in a report on Thursday, April 17th.
Read Our Latest Stock Report on BBD.B
Bombardier, Inc. Class B Price Performance
TSE BBD.B opened at C$106.75 on Thursday. The stock's 50 day simple moving average is C$91.63 and its 200-day simple moving average is C$90.06. The company has a market cap of C$9.23 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$113.60.
Insider Buying and Selling
In other news, Director Eric Martel sold 14,200 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$103.99, for a total value of C$1,476,706.28. Also, Senior Officer Jean-Christophe Gallagher sold 7,227 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$91.35, for a total value of C$660,186.45. Over the last three months, insiders sold 111,538 shares of company stock worth $11,011,453. Company insiders own 1.66% of the company's stock.
About Bombardier, Inc. Class B
(
Get Free ReportBombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
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