National Bankshares Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by equities researchers at National Bankshares from C$115.00 to C$171.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 14.19% from the company’s current price.

A number of other research analysts also recently commented on the company. UBS Group upped their price objective on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. BMO Capital Markets boosted their price target on 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. CIBC boosted their price target on 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. Royal Bank Of Canada boosted their price target on 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. Finally, TD Securities boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$130.08.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B opened at C$149.75 on Thursday. The company has a market cap of C$12.95 billion, a P/E ratio of 38.80, a PEG ratio of 6.26 and a beta of 2.98. The stock has a fifty day moving average price of C$100.72 and a 200 day moving average price of C$91.77. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$149.84.

Insider Buying and Selling

In other news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total value of C$2,085,358.00. Also, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total value of C$979,066.80. In the last three months, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is currently owned by corporate 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.