Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective cut by research analysts at Citigroup from C$113.00 to C$107.00 in a report released on Monday,BayStreet.CA reports. Citigroup's price objective indicates a potential upside of 33.98% from the company's current price.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada dropped their price objective on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research report on Wednesday, January 15th. TD Securities reduced their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. National Bank Financial raised their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. Scotiabank lowered Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 price objective for the company. in a report on Friday, November 1st. Finally, National Bankshares boosted their target price on Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$117.50.
View Our Latest Analysis on Bombardier, Inc. Class B
Bombardier, Inc. Class B Trading Down 5.7 %
Shares of BBD.B stock traded down C$4.85 during trading hours on Monday, reaching C$79.86. 1,551,501 shares of the stock were exchanged, compared to its average volume of 599,484. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The firm has a market capitalization of C$6.91 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company's 50-day moving average price is C$95.07 and its 200-day moving average price is C$95.36.
Insider Buying and Selling
In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 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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