Bombardier, Inc. Class B (TSE:BBD.B) Price Target Cut to C$100.00 by Analysts at JPMorgan Chase & Co.

Bombardier, Inc. Class B (TSE:BBD.B) had its price target trimmed by JPMorgan Chase & Co. from C$110.00 to C$100.00 in a research note published on Thursday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a report on Friday, November 1st. National Bankshares lowered their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada dropped their price objective on shares of 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. Desjardins reduced their target price on 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. Finally, TD Securities decreased their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and an average target price of C$113.08.

Bombardier, Inc. Class B Price Performance

BBD.B opened at C$88.58 on Thursday. Bombardier, Inc. Class B has a 12 month low of C$46.75 and a 12 month high of C$113.60. The stock has a market capitalization of C$7.66 billion, a P/E ratio of 22.95, a P/E/G ratio of 6.26 and a beta of 2.98. The business has a 50 day simple moving average of C$91.13 and a 200-day simple moving average of C$94.76.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. Also, 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. Company insiders own 1.66% of the company’s stock.

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.