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 target price hoisted by research analysts at Desjardins from C$140.00 to C$175.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price target would suggest a potential upside of 16.86% from the stock's previous close.

Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of 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. UBS Group upped their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$105.00 to C$150.00 in a research report on Wednesday. BMO Capital Markets upped their price objective on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, National Bankshares lifted their target price 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$130.08.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock traded up C$1.73 on Thursday, hitting C$149.75. The stock had a trading volume of 233,520 shares, compared to its average volume of 555,704. The company's 50 day moving average price is C$100.72 and its 200-day moving average price is C$91.75. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$149.84. The firm has a market capitalization of C$12.95 billion, a P/E ratio of 38.80, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Director Eric Martel sold 34,678 shares of the stock in a transaction 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. In the last ninety days, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is currently owned by corporate 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.