Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$179.00 at National Bankshares

Key Points

• National Bankshares has raised its price target for Bombardier, Inc. Class B from C$171.00 to C$179.00, indicating a potential upside of 9.42% from the current stock price.
• Several analysts, including UBS Group and Scotiabank, have also increased their price targets for Bombardier, with consensus ratings showing a “Moderate Buy” on the stock.
• Insider selling has been notable, with over C$12 million worth of shares sold by corporate insiders in the past 90 days.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective boosted by investment analysts at National Bankshares from C$171.00 to C$179.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 9.66% from the company's previous close.

BBD.B has been the topic of a number of other research reports. Citigroup increased their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Royal Bank Of Canada increased their target price on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. TD Securities lowered Bombardier, Inc. Class B from a "buy" rating to a "hold" rating and increased their target price for the stock from C$151.00 to C$173.00 in a research note on Tuesday, July 22nd. BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research note on Monday, July 21st. Finally, UBS Group raised their price target on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of "Moderate Buy" and an average price target of C$175.82.

Bombardier, Inc. Class B Stock Down 0.4%

BBD.B traded down C$0.64 during trading on Friday, reaching C$163.23. The company had a trading volume of 144,276 shares, compared to its average volume of 562,717. The business has a 50 day simple moving average of C$131.13 and a 200-day simple moving average of C$101.38. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$169.68. The stock has a market cap of C$14.12 billion, a P/E ratio of 42.29, a PEG ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$95.00, for a total value of C$570,000.00. Also, 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. Insiders sold a total of 124,838 shares of company stock valued at $12,420,520 in the last three months. 1.66% of the stock is currently owned by company insiders.

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.