Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target boosted by research analysts at BMO Capital Markets from C$85.00 to C$95.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 36.10% from the stock's current price.
Several other research firms also recently commented on BBD.B. CIBC upgraded shares of Bombardier, Inc. Class B from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from C$67.00 to C$91.00 in a research report on Thursday. TD Securities lifted their target price on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. National Bankshares lowered their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Finally, Desjardins raised their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$87.56.
Check Out Our Latest Research Report on BBD.B
Bombardier, Inc. Class B Stock Performance
Shares of BBD.B traded up C$2.45 during mid-day trading on Thursday, reaching C$69.80. The company had a trading volume of 940,889 shares, compared to its average volume of 449,620. The company's 50 day simple moving average is C$56.14 and its 200 day simple moving average is C$52.09. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$70.00. The company has a market capitalization of C$5.95 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of -0.13 and a beta of 2.96.
Insider Buying and Selling
In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is owned by insiders.
About Bombardier, Inc. Class B
(
Get Free Report)
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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