TD Securities Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$105.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target boosted by TD Securities from C$104.00 to C$105.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. National Bankshares dropped 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 report on Friday, April 26th. Desjardins raised their price objective on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the company a buy rating in a research note on Friday, April 26th. UBS Group upped their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Scotiabank dropped 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 report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price objective 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. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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 stock 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. 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 firm’s 50-day simple moving average is C$56.94 and its 200 day simple moving average is C$52.38.

Insiders Place Their Bets

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. 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.