Desjardins Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target lifted by analysts at Desjardins from C$140.00 to C$175.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price would suggest a potential upside of 18.27% from the stock's previous close.

BBD.B has been the topic of several other research reports. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the company a "buy" rating in a research report on Thursday. National Bankshares raised their price target on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. UBS Group upped their price objective on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Scotiabank upgraded shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$105.00 to C$150.00 in a research report on Wednesday. Finally, Royal Bank Of Canada lifted 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 research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$130.08.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B traded up C$3.98 during mid-day trading on Thursday, reaching C$147.97. The stock had a trading volume of 812,194 shares, compared to its average volume of 556,596. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$149.84. The firm has a market cap of C$12.80 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 6.26 and a beta of 2.98. The business has a fifty day moving average of C$98.38 and a 200 day moving average of C$91.10.

Insider Buying and Selling

In other news, Senior Officer Eve Laurier sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of C$99.26, for a total transaction of C$397,032.40. 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 transaction of C$3,638,204.22. Insiders sold 124,838 shares of company stock worth $12,420,520 over the last 90 days. Corporate insiders own 1.66% of the company's stock.

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.

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.