Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$99.00 by Analysts at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by Royal Bank of Canada from C$95.00 to C$99.00 in a report published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts have also commented on BBD.B. TD Securities raised their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a buy rating in a research report on Friday, April 26th. CIBC raised their target price on 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. National Bankshares reduced their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a report on Friday, April 26th. Desjardins increased their price target on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a buy rating in a research report on Friday, April 26th. Finally, UBS Group boosted their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

Shares of TSE BBD.B traded up C$1.41 during midday trading on Thursday, reaching C$71.21. 536,608 shares of the stock were exchanged, compared to its average volume of 450,801. The firm has a market cap of C$6.07 billion, a price-to-earnings ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96. The firm has a 50-day simple moving average of C$56.52 and a two-hundred day simple moving average of C$52.21. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$71.49.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction 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. 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.