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

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

A number of other brokerages have also recently weighed in on BBD.B. Desjardins boosted their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a buy rating in a research note on Thursday. Royal Bank of Canada boosted their target price 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 report on Thursday. TD Securities upped 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. CIBC upgraded 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 research note on Thursday. Finally, National Bankshares cut their price objective on 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. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$71.21 on Thursday. The firm has a market cap of C$6.07 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The business has a 50 day moving average price of C$56.94 and a 200 day moving average price of C$52.38. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$71.49.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is owned by corporate insiders.

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.