Bombardier, Inc. Class B (TSE:BBD.B) Given New C$90.00 Price Target at Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Scotiabank from C$83.00 to C$90.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada lifted their price objective on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a report on Thursday. UBS Group lifted 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. National Bankshares dropped their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a research note on Friday, April 26th. TD Securities upped their price target on 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. Finally, Desjardins raised their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a buy rating in a research report on Thursday. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded up C$1.41 during midday trading on Thursday, hitting C$71.21. 536,608 shares of the company’s stock were exchanged, compared to its average volume of 450,801. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$71.49. The company has a market cap of C$6.07 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The stock’s fifty day moving average price is C$56.52 and its 200-day moving average price is C$52.21.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’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. Corporate 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.