Bombardier, Inc. Class B (TSE:BBD.B) Given New C$101.00 Price Target at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price raised by stock analysts at Desjardins from C$96.00 to C$101.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 58.33% from the company's current price.

Other equities analysts have also recently issued reports about the company. Scotiabank lowered their price target on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an "outperform" rating on the stock in a report on Wednesday, April 10th. TD Securities increased their price target on Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a "buy" rating in a report on Friday. National Bankshares decreased their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an "outperform" rating on the stock in a report on Friday. UBS Group raised their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada set a C$95.00 target price on Bombardier, Inc. Class B and gave the stock an "outperform" rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of "Moderate Buy" and an average target price of C$82.00.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B traded up C$2.05 during mid-day trading on Friday, reaching C$63.79. 590,109 shares of the company's stock traded hands, compared to its average volume of 438,076. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$68.79. The firm has a market capitalization of C$5.44 billion, a price-to-earnings ratio of 9.98, a PEG ratio of -0.13 and a beta of 2.96. The company has a 50 day moving average price of C$55.20 and a 200-day moving average price of C$51.61.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. Insiders own 1.66% of the company's stock.

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.