Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, TD Securities Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by equities research analysts at TD Securities from C$128.00 to C$151.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 0.83% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins lowered their price objective on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Royal Bank Of Canada upped their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. UBS Group upped their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Finally, CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$130.08.

Bombardier, Inc. Class B Stock Performance

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

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 9,300 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$95.00, for a total transaction of C$570,000.00. Insiders sold 124,838 shares of company stock worth $12,420,520 in the last 90 days. 1.66% of the stock is currently owned by company 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.