Scotiabank Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$83.00

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target dropped by investment analysts at Scotiabank from C$85.00 to C$83.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 39.31% from the company's current price.

Several other equities research analysts have also recently commented on BBD.B. CIBC cut their price target on Bombardier, Inc. Class B from C$62.00 to C$60.00 and set a "neutral" rating for the company in a report on Wednesday, January 10th. Desjardins lowered their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. 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 for the company in a research report on Tuesday, January 9th. Royal Bank of Canada set a C$95.00 target price on shares of Bombardier, Inc. Class B and gave the company an "outperform" rating in a report on Thursday, April 4th. Finally, UBS Group increased their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$81.00.

Bombardier, Inc. Class B Price Performance

BBD.B traded down C$1.86 on Wednesday, reaching C$59.58. 464,555 shares of the company's stock were exchanged, compared to its average volume of 434,796. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$72.29. The stock has a market cap of C$5.08 billion, a PE ratio of 9.35, a P/E/G ratio of -0.13 and a beta of 2.96. The stock's fifty day moving average price is C$53.16 and its 200-day moving average price is C$50.64.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% 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.