UBS Group Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Key Points

• UBS Group raised its price target for Bombardier, Inc. Class B stock from C$128.00 to C$173.00, suggesting a potential upside of 5.75% from its previous close.
• Several analysts have increased their price objectives for Bombardier, with Citigroup setting a target of C$195.00 and Scotiabank raising theirs to C$150.00.
• Currently, Bombardier's stock holds an average rating of "Moderate Buy" from analysts, with an average target price of C$175.82.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target raised by UBS Group from C$128.00 to C$173.00 in a note issued to investors on Friday,BayStreet.CA reports. UBS Group's target price indicates a potential upside of 5.75% from the stock's previous close.

Several other equities analysts also recently commented on BBD.B. Citigroup increased their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Scotiabank upgraded Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$105.00 to C$150.00 in a research report on Wednesday, July 2nd. TD Securities downgraded Bombardier, Inc. Class B from a "buy" rating to a "hold" rating and raised their price objective for the stock from C$151.00 to C$173.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price objective on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$175.82.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B traded up C$2.02 during trading hours on Friday, hitting C$163.59. The company's stock had a trading volume of 283,150 shares, compared to its average volume of 564,103. The company has a market capitalization of C$14.15 billion, a P/E ratio of 42.38, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$169.68. The stock has a fifty day simple moving average of C$128.17 and a 200-day simple moving average of C$100.23.

Insider Activity at Bombardier, Inc. Class B

In related news, Director Eric Martel sold 34,678 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total value of C$2,085,358.00. Insiders have sold 124,838 shares of company stock worth $12,420,520 over the last 90 days. 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.

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