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

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target increased by TD Securities from C$128.00 to C$151.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 2.05% from the stock's previous close.

Several other equities analysts have also issued reports on the company. BMO Capital Markets upped their price target on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a research note on Wednesday. Royal Bank Of Canada upped 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 report on Friday, May 2nd. UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. CIBC boosted their price target on shares of 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. Finally, National Bankshares raised their price objective 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 note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$130.08.

Bombardier, Inc. Class B Stock Performance

BBD.B traded up C$3.98 during mid-day trading on Thursday, reaching C$147.97. The stock had a trading volume of 812,194 shares, compared to its average volume of 556,596. The firm's fifty day simple moving average is C$98.38 and its two-hundred day simple moving average is C$91.10. The stock has a market capitalization of C$12.80 billion, a P/E ratio of 38.33, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$149.84.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 11,206 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total value of C$1,030,952.00. Also, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total transaction of C$979,066.80. Insiders have sold 124,838 shares of company stock worth $12,420,520 over the last ninety days. 1.66% of the stock is 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.

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