Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$112.33.

Several equities research analysts have recently issued reports on BBD.B shares. Desjardins lowered their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a report on Friday, November 1st. Citigroup dropped their price objective on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price objective on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating for the company in a research note on Friday, February 7th.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B opened at C$81.95 on Friday. The firm has a market cap of C$7.09 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average price of C$93.11 and a 200-day moving average price of C$95.10. Bombardier, Inc. Class B has a 1-year low of C$46.75 and a 1-year high of C$113.60.

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.