Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its price target lifted by TD Securities from C$128.00 to C$151.00 in a report published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other brokerages also recently weighed in on BBD.B. CIBC upped their target price on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the stock an "outperform" rating in a research note on Thursday. Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$105.00 to C$150.00 in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a report on Wednesday. National Bankshares lifted their target price on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada upped their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of "Moderate Buy" and an average target price of C$130.08.
View Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Stock Up 1.2%
Shares of TSE BBD.B traded up C$1.73 during midday trading on Thursday, reaching C$149.75. 233,520 shares of the stock were exchanged, compared to its average volume of 555,704. The firm has a market cap of C$12.95 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 6.26 and a beta of 2.98. The firm has a 50-day simple moving average of C$100.72 and a two-hundred day simple moving average of C$91.75. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$149.84.
Insider Transactions at Bombardier, Inc. Class B
In related news, Senior Officer Jean-Christophe Gallagher sold 22,000 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$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Daniel Brennan sold 11,206 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$92.00, for a total value of C$1,030,952.00. In the last quarter, insiders sold 124,838 shares of company stock valued at $12,420,520. Company insiders own 1.66% of the company's stock.
About Bombardier, Inc. Class B
(
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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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