Scotiabank Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$90.00

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target raised by equities research analysts at Scotiabank from C$85.00 to C$90.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's target price would suggest a potential upside of 81.74% from the company's previous close.

Several other brokerages have also issued reports on BBD.B. National Bankshares cut their price objective on shares of Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an "outperform" rating on the stock in a report on Tuesday, January 9th. CIBC cut their price objective on shares of Bombardier, Inc. Class B from C$62.00 to C$60.00 and set a "neutral" rating on the stock in a report on Wednesday, January 10th. TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$92.00 to C$100.00 and gave the company a "buy" rating in a report on Friday, November 3rd. Desjardins cut their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. Finally, UBS Group set a C$39.00 price objective on shares of Bombardier, Inc. Class B and gave the company a "sell" rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of "Moderate Buy" and a consensus target price of C$81.15.

Bombardier, Inc. Class B Price Performance

Shares of TSE:BBD.B traded down C$2.44 during trading on Monday, reaching C$49.52. 308,494 shares of the company were exchanged, compared to its average volume of 327,130. The firm has a market capitalization of C$4.12 billion, a PE ratio of 7.43, a P/E/G ratio of -0.13 and a beta of 2.85. The business's fifty day simple moving average is C$51.37 and its 200-day simple moving average is C$51.96. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$74.43.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 48,845 shares of the business's stock in a transaction dated Monday, November 20th. The shares were sold at an average price of C$53.21, for a total value of C$2,598,959.41. In other news, Senior Officer Daniel Brennan sold 48,845 shares of the company's stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$53.21, for a total value of C$2,598,959.41. Also, Director Eric Martel sold 65,807 shares of the company's stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$50.00, for a total transaction of C$3,290,350.00. Insiders have sold 146,652 shares of company stock worth $7,471,197 in the last ninety days. 1.43% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.