BMO Capital Markets Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by BMO Capital Markets from C$85.00 to C$95.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 33.41% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. TD Securities increased their price objective on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada increased their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a research report on Thursday. Scotiabank raised their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Finally, National Bankshares reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$87.56.

Bombardier, Inc. Class B Price Performance

TSE BBD.B opened at C$71.21 on Thursday. The company has a market capitalization of C$6.07 billion, a P/E ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$71.49. The company’s 50 day simple moving average is C$56.52 and its 200 day simple moving average is C$52.21.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value 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.