Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by BMO Capital Markets from C$130.00 to C$150.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

BBD.B has been the topic of several other research reports. CIBC upped their price target on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$105.00 to C$150.00 in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Finally, TD Securities reduced their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B has an average rating of “Moderate Buy” and a consensus price target of C$130.08.

Bombardier, Inc. Class B Trading Up 1.2%

BBD.B stock opened at C$149.75 on Wednesday. The company has a market cap of C$12.95 billion, a P/E ratio of 38.80, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$149.84. The company’s 50-day moving average price is C$100.72 and its 200 day moving average price is C$91.77.

Insiders Place Their Bets

In related news, Director Eric Martel sold 34,678 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$104.91, for a total value of C$3,638,204.22. Also, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$99.26, for a total transaction of C$397,032.40. Over the last 90 days, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is owned by company insiders.

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.