Scotiabank Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$90.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by Scotiabank from C$83.00 to C$90.00 in a report published on Thursday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. National Bankshares cut their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a research note on Friday, April 26th. Royal Bank of Canada increased their target price 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. TD Securities boosted their price target 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. UBS Group upped their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Finally, CIBC raised Bombardier, Inc. Class B from a neutral rating to an outperform rating and lifted their price objective for the company from C$67.00 to C$91.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock opened at C$71.21 on Thursday. The firm’s 50-day simple moving average is C$56.94 and its 200-day simple moving average is C$52.38. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$71.49. The firm has a market cap of C$6.07 billion, a P/E ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was 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.

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.