Bombardier, Inc. Class B (TSE:BBD.B) Given New C$102.00 Price Target at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by Desjardins from C$101.00 to C$102.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other brokerages have also weighed in on BBD.B. Royal Bank of Canada increased their price objective on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a research report on Thursday. National Bankshares lowered their target price 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 note on Friday, April 26th. CIBC increased their price objective on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a neutral rating in a research report on Friday, April 26th. UBS Group raised their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, Scotiabank cut their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$87.56.

Bombardier, Inc. Class B Trading Up 2.0 %

Shares of BBD.B stock opened at C$71.21 on Thursday. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$71.49. The stock has a market cap of C$6.07 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96. The company’s 50-day moving average price is C$56.94 and its 200-day moving average price is C$52.44.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is owned by corporate insiders.

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.