Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$186.00 at Desjardins

Key Points

• Desjardins has increased its target price for Bombardier, Inc. Class B stock from C$175.00 to C$186.00, indicating a potential upside of 13.70% from its last closing price.
• Other analysts, including National Bankshares and Scotiabank, have also raised their price targets, contributing to a general consensus rating of "Moderate Buy" for the stock.
• Despite positive projections, insider transactions revealed that executives sold significant portions of their shares, with a total of C$12.42 million worth of stock sold in the last three months.

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price lifted by Desjardins from C$175.00 to C$186.00 in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada upped their price target on shares of Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a research report on Friday. National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a research note on Friday. Scotiabank boosted their price objective on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Friday. Citigroup boosted their price objective 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 note on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. Three equities 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 stock currently has an average rating of "Moderate Buy" and an average price target of C$175.82.

Bombardier, Inc. Class B Trading Down 0.4%

Shares of BBD.B traded down C$0.64 during mid-day trading on Friday, hitting C$163.23. The company's stock had a trading volume of 144,276 shares, compared to its average volume of 562,717. The company's 50-day moving average is C$131.13 and its 200-day moving average is C$101.38. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$169.68. The firm has a market capitalization 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.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Paul Sislian sold 9,300 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total transaction of C$430,000.00. Over the last three months, insiders have sold 124,838 shares of company stock valued at $12,420,520. 1.66% of the stock is 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.