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Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Bombardier, Inc. Class B logo with Industrials background

Key Points

  • Royal Bank of Canada has raised its target price for Bombardier, Inc. Class B from C$175.00 to C$202.00, indicating a potential upside of 23.48% from the current price.
  • Several other brokerages have also adjusted their price targets, with TD Securities downgrading the stock from "buy" to "hold," while Scotiabank increased its target to C$190.00.
  • Insiders have been selling shares, with notable sales totaling $12.42 million over the last quarter, representing about 1.66% of the company's stock.
  • MarketBeat previews top five stocks to own in September.

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

(Get Free Report)

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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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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