Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$113.67.

Several research analysts have recently weighed in on BBD.B shares. BMO Capital Markets cut their price objective on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Desjardins cut their price objective on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Finally, CIBC increased their target price on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd.

Bombardier, Inc. Class B Trading Up 0.5%

TSE:BBD.B opened at C$114.92 on Thursday. The firm has a market cap of C$9.94 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company’s 50-day moving average is C$94.51 and its two-hundred day moving average is C$90.44. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$115.57.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$107.50, for a total transaction of C$430,000.00. Also, Senior Officer Caroline Maso acquired 1,404 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of C$88.97 per share, for a total transaction of C$124,913.88. In the last three months, insiders sold 124,838 shares of company stock worth $12,420,520. 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.