Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$105.00 at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by equities researchers at TD Securities from C$104.00 to C$105.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 50.93% from the company’s current price.

A number of other brokerages also recently commented on BBD.B. National Bankshares lowered their price objective on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. UBS Group upped their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Desjardins raised their target price on shares of Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Scotiabank dropped their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada increased their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$87.56.

Bombardier, Inc. Class B Trading Up 3.3 %

Shares of TSE BBD.B traded up C$2.22 during midday trading on Thursday, reaching C$69.57. 604,242 shares of the stock were exchanged, compared to its average volume of 445,362. The company has a market capitalization of C$5.94 billion, a P/E ratio of 10.89, a P/E/G ratio of -0.13 and a beta of 2.96. The stock has a 50 day moving average price of C$56.14 and a 200-day moving average price of C$52.09. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$70.00.

Insiders Place Their Bets

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is currently 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.