UBS Group Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$44.00

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price upped by equities research analysts at UBS Group from C$41.00 to C$44.00 in a report issued on Tuesday, BayStreet.CA reports. UBS Group's price target indicates a potential downside of 20.91% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. CIBC decreased their target price 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 research note on Wednesday, January 10th. Scotiabank raised their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$90.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Royal Bank of Canada decreased their target price on shares of Bombardier, Inc. Class B from C$98.00 to C$95.00 and set an "outperform" rating on the stock in a research note on Friday, February 9th. Desjardins reduced their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. Finally, National Bankshares reduced 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 research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of "Moderate Buy" and an average target price of C$80.60.

Bombardier, Inc. Class B Trading Down 3.2 %

TSE BBD.B traded down C$1.85 on Tuesday, reaching C$55.63. 418,614 shares of the stock were exchanged, compared to its average volume of 427,590. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$74.43. The firm has a market capitalization of C$4.75 billion, a PE ratio of 8.71, a PEG ratio of -0.13 and a beta of 2.96. The company's 50-day simple moving average is C$52.46 and its two-hundred day simple moving average is C$50.36.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by company insiders.

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.