Bombardier, Inc. Class B (TSE:BBD.B) PT Set at C$95.00 by Royal Bank of Canada

Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B (TSE:BBD.B - Free Report) in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

BBD.B has been the subject of a number of other reports. Desjardins decreased their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. Scotiabank boosted their target price on 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. UBS Group boosted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday. CIBC cut their target price on 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. Finally, National Bankshares cut their target price on Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an outperform rating on the stock in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Bombardier, Inc. Class B presently has an average rating of Moderate Buy and a consensus target price of C$81.78.

Bombardier, Inc. Class B Trading Up 3.3 %

Bombardier, Inc. Class B stock traded up C$1.83 during midday trading on Thursday, reaching C$57.73. The stock had a trading volume of 917,546 shares, compared to its average volume of 434,159. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$72.29. The company has a market capitalization of C$4.92 billion, a P/E ratio of 9.03, a PEG ratio of -0.13 and a beta of 2.96. The company has a fifty day moving average price of C$52.76 and a two-hundred day moving average price of C$50.45.

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 on 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.

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.