Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price upped by research analysts at Desjardins from C$175.00 to C$186.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 13.70% from the company's previous close.
Other equities research analysts also recently issued reports about the stock. National Bankshares lifted their price target on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the company an "outperform" rating in a research report on Friday. Scotiabank lifted their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday, July 21st. UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday. Finally, CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$175.82.
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Bombardier, Inc. Class B Price Performance
Shares of TSE BBD.B traded up C$2.02 during midday trading on Friday, reaching C$163.59. 283,150 shares of the stock were exchanged, compared to its average volume of 564,103. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$169.68. The business has a 50-day simple moving average of C$128.17 and a two-hundred day simple moving average of C$100.23. The company has a market capitalization of C$14.15 billion, a price-to-earnings ratio of 42.38, a P/E/G ratio of 6.26 and a beta of 2.98.
Insider Transactions at Bombardier, Inc. Class B
In other news, Senior Officer Eve Laurier sold 4,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$99.26, for a total value of C$397,032.40. Also, Director Eric Martel sold 34,678 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total value of C$3,638,204.22. In the last three months, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is owned by corporate insiders.
Bombardier, Inc. Class B Company Profile
(
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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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