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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by TD Securities from C$104.00 to C$105.00 in a research report released on Thursday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on BBD.B. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the company a neutral rating in a research report on Friday, April 26th. Scotiabank reduced their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a research report on Wednesday, April 10th. Royal Bank of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a report on Thursday. National Bankshares reduced their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a report on Friday, April 26th. Finally, Desjardins raised their target price on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the company a buy rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$71.21 on Thursday. The stock has a market capitalization of C$6.07 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The stock’s 50 day moving average price is C$56.94 and its 200-day moving average price is C$52.38. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$71.49.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. Insiders own 1.66% of the company’s stock.

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.