Bombardier, Inc. Class B (TSE:BBD.B) Receives C$81.38 Average Target Price from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$81.38.

A number of equities research analysts have issued reports on the company. CIBC upped their target price on Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Scotiabank decreased their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. UBS Group upped their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada set a C$95.00 target price on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Desjardins reduced their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$57.22 on Friday. The stock’s 50 day moving average price is C$54.57 and its 200 day moving average price is C$51.37. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$70.17. The company has a market capitalization of C$4.88 billion, a P/E ratio of 8.95, a P/E/G ratio of -0.13 and a beta of 2.96.

Insider Activity

In other 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. 1.66% of the stock is currently 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.