Scotiabank Upgrades Bombardier, Inc. Class B (TSE:BBD.B) to "Outperform"

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

BBD.B has been the subject of several other reports. Desjardins lowered their price objective on shares of 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. Royal Bank Of Canada boosted their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. National Bankshares raised their price target on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. CIBC lifted their price objective on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, UBS Group increased their target price on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$117.83.

Bombardier, Inc. Class B Trading Up 21.4%

TSE:BBD.B traded up C$25.35 on Wednesday, reaching C$143.99. 2,868,834 shares of the stock traded hands, compared to its average volume of 554,811. The company has a market capitalization of C$12.46 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$145.56. The company's fifty day simple moving average is C$98.38 and its 200 day simple moving average is C$91.10.

Insiders Place Their Bets

In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B 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. Also, Director Eric Martel sold 34,678 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$104.91, for a total value of C$3,638,204.22. Over the last ninety days, insiders sold 124,838 shares of company stock worth $12,420,520. Insiders own 1.66% of the company's stock.

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.