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Desjardins Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B logo with Industrials background

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.
  • Interested in Bombardier, Inc. Class B? Here are five stocks we like better.

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.

Get Our Latest Report on BBD.B

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

(Get Free Report)

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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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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.

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