Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$202.00

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.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price lifted by research analysts at Royal Bank Of Canada from C$175.00 to C$202.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 23.75% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Citigroup lifted their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. CIBC upped their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. Desjardins upped their target price on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. TD Securities downgraded shares of Bombardier, Inc. Class B from a "buy" rating to a "hold" rating and boosted their price target for the stock from C$151.00 to C$173.00 in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research report on Wednesday, July 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of "Moderate Buy" and an average target price of C$175.82.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock traded down C$0.64 on Friday, reaching C$163.23. 144,276 shares of the company were exchanged, compared to its average volume of 562,717. The company has a market cap of C$14.12 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 6.26 and a beta of 2.98. The company has a 50-day moving average of C$131.13 and a 200-day moving average of C$101.38. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$169.68.

Insider Buying and Selling at Bombardier, Inc. Class B

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

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.