Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, National Bankshares Analyst Says

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 target hoisted by analysts at National Bankshares from C$171.00 to C$179.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price suggests a potential upside of 9.42% from the stock's current price.

A number of other research analysts also recently weighed in on the company. UBS Group increased their target price on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday. Scotiabank raised Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd. Desjardins increased their price target on Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Royal Bank Of Canada increased their price target on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets raised their price objective on Bombardier, Inc. Class B from C$150.00 to C$185.00 in a report on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and an average target price of C$175.82.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B traded up C$2.02 during mid-day trading on Friday, hitting C$163.59. 283,150 shares of the stock traded hands, compared to its average volume of 564,103. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$169.68. The company has a market cap of C$14.15 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 6.26 and a beta of 2.98. The stock has a fifty day moving average price of C$128.17 and a 200-day moving average price of C$100.23.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 11,206 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$92.00, for a total transaction of C$1,030,952.00. Also, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$104.91, for a total value of C$3,638,204.22. In the last 90 days, insiders have sold 124,838 shares of company stock valued at $12,420,520. Corporate insiders own 1.66% of the company's stock.

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.

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