Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$95.00 at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B) had its price target raised by BMO Capital Markets from C$85.00 to C$95.00 in a report published on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on BBD.B. UBS Group increased their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a report on Thursday. CIBC raised Bombardier, Inc. Class B from a neutral rating to an outperform rating and boosted their target price for the stock from C$67.00 to C$91.00 in a research note on Thursday. Scotiabank upped their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the stock an outperform rating in a research note on Thursday. Finally, TD Securities increased 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 research note on Thursday. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B opened at C$71.21 on Thursday. The firm has a market capitalization of C$6.07 billion, a P/E ratio of 11.14, a PEG ratio of -0.13 and a beta of 2.96. The stock has a 50-day simple moving average of C$56.94 and a two-hundred day simple moving average of C$52.44. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$71.49.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B 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. 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.