Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$151.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by TD Securities from C$128.00 to C$151.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday. CIBC upped their price objective on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the company an “outperform” rating in a research report on Thursday. Desjardins cut their price objective on Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Royal Bank Of Canada upped their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$130.08.

Bombardier, Inc. Class B Trading Up 1.2%

Shares of TSE:BBD.B opened at C$149.75 on Thursday. The company has a market capitalization of C$12.95 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$149.84. The firm’s 50-day moving average is C$100.72 and its 200 day moving average is C$91.75.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$95.00, for a total transaction of C$570,000.00. Also, Director Eric Martel sold 34,678 shares of the 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. In the last ninety days, insiders have sold 124,838 shares of company stock worth $12,420,520. Insiders own 1.66% of the company’s stock.

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.