Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price raised by Royal Bank Of Canada from C$175.00 to C$202.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 23.48% from the company's current price.
A number of other brokerages have also issued reports on BBD.B. JPMorgan Chase & Co. increased their price target on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the company an "outperform" rating in a report on Friday. TD Securities downgraded Bombardier, Inc. Class B from a "buy" rating to a "hold" rating and increased their price target for the stock from C$151.00 to C$173.00 in a research report on Tuesday, July 22nd. Scotiabank lifted their price target on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Desjardins raised their target price on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B has an average rating of "Moderate Buy" and a consensus price target of C$175.82.
Get Our Latest Stock Report on BBD.B
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. 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. 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 fifty day moving average price of C$128.17 and a 200-day moving average price of C$100.23.
Insiders Place Their Bets
In other news, Senior Officer Paul Sislian sold 9,300 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Also, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$99.26, for a total transaction of C$397,032.40. Insiders have sold a total of 124,838 shares of company stock valued at $12,420,520 over the last quarter. 1.66% of the stock is owned by insiders.
About Bombardier, Inc. Class B
(
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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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