Desjardins Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$102.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target raised by Desjardins from C$101.00 to C$102.00 in a research note released on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Scotiabank decreased their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a research note on Wednesday, April 10th. National Bankshares decreased their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada boosted their price target on 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 raised their price objective on 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, CIBC lifted their target price on shares of 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. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

BBD.B opened at C$71.21 on Thursday. The firm’s fifty day simple moving average is C$56.94 and its two-hundred day simple moving average is C$52.38. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$71.49. The company has a market cap of C$6.07 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. Corporate insiders own 1.66% of the company’s stock.

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.