Bombardier, Inc. Class B (TSE:BBD.B) Upgraded at Scotiabank

Scotiabank upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a sector perform rating to an outperform rating in a report released on Wednesday morning,BayStreet.CA reports. They currently have C$150.00 target price on the stock, up from their prior target price of C$105.00.

A number of other equities analysts also recently weighed in on the company. TD Securities cut their target price on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. UBS Group boosted their target price on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. National Bankshares boosted their target price on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. CIBC boosted their target price on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets cut their target price on Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Two equities 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 company currently has an average rating of “Moderate Buy” and a consensus price target of C$130.08.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$149.75 on Wednesday. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$149.84. The stock has a 50 day moving average price of C$100.72 and a two-hundred day moving average price of C$91.77. The firm has a market capitalization 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.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Director Eric Martel sold 34,678 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Insiders have sold 124,838 shares of company stock valued at $12,420,520 over the last quarter. Insiders own 1.66% of the company’s stock.

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.