Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$90.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by investment analysts at Scotiabank from C$83.00 to C$90.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 29.37% from the stock’s previous close.

Several other research analysts have also commented on BBD.B. UBS Group lifted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. CIBC raised shares of Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$67.00 to C$91.00 in a report on Thursday. National Bankshares dropped their target price 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 report on Friday, April 26th. TD Securities lifted their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased 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 research note on Thursday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock traded up C$2.22 during trading hours on Thursday, hitting C$69.57. 604,242 shares of the company were exchanged, compared to its average volume of 445,362. The stock has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$70.00. The business’s 50-day simple moving average is C$56.14 and its two-hundred day simple moving average is C$52.09.

Insiders Place Their Bets

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 value of C$767,039.00. 1.66% of the stock is 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.