Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Upgraded by Scotiabank

Scotiabank upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B - Free Report) from a sector perform rating to an outperform rating in a research note released on Wednesday,BayStreet.CA reports. Scotiabank currently has C$150.00 price target on the stock, up from their previous price target of C$105.00.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets dropped their target price on Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Desjardins dropped their target price on Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. UBS Group boosted their price target on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. TD Securities lowered their price target on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, CIBC boosted their price target on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$130.08.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock traded up C$1.73 during midday trading on Wednesday, reaching C$149.75. The stock had a trading volume of 233,520 shares, compared to its average volume of 555,704. The firm's fifty day simple moving average is C$100.72 and its 200-day simple moving average is C$91.77. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$149.84. The stock has a market capitalization of C$12.95 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

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