Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$99.00 at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by Royal Bank of Canada from C$95.00 to C$99.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 39.03% from the stock’s previous close.

BBD.B has been the topic of several other research reports. CIBC increased their price objective on Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. National Bankshares lowered their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Desjardins lifted their price objective on shares of Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the company a “buy” rating in a report on Friday, April 26th. TD Securities increased their target price on 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. Finally, Scotiabank decreased their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$71.21 on Thursday. The business’s 50 day moving average price is C$56.52 and its 200-day moving average price is C$52.21. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$71.49. The company 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.

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 business’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 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.