Bombardier, Inc. Class B (TSE:BBD.B) Given New C$170.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its target price for Bombardier, Inc. Class B stock from C$135.00 to C$170.00, suggesting a potential upside of 3.09% from the current price.
• Several other analysts have also increased their price targets, with Desjardins raising theirs to C$186.00 and Royal Bank Of Canada to C$202.00, reflecting a positive consensus for the stock.
• Shares of Bombardier, Inc. Class B traded down by C$3.00 to C$164.90 during recent trading, with a market capitalization of C$14.27 billion.

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price lifted by JPMorgan Chase & Co. from C$135.00 to C$170.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the company. UBS Group upped their target price on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st. Scotiabank upped their target price on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Desjardins upped their target price on Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup upped their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada increased their price target on 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, August 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$179.00.

Bombardier, Inc. Class B Price Performance

TSE BBD.B traded up C$1.90 during trading on Friday, reaching C$167.91. 76,170 shares of the company's stock were exchanged, compared to its average volume of 556,977. The business has a 50 day moving average price of C$138.33 and a 200-day moving average price of C$103.98. The stock has a market capitalization of C$14.53 billion, a P/E ratio of 43.50, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$169.68.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B 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 stock was sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$95.00, for a total value of C$570,000.00. Insiders sold 110,384 shares of company stock valued at $11,100,147 over the last three months. 1.66% of the stock is currently owned by company insiders.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.