Bombardier, Inc. Class B (TSE:BBD.B) Receives C$130.08 Consensus PT from Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$133.00.

Several research analysts have issued reports on BBD.B shares. CIBC boosted their target price on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday. Finally, Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd.

Bombardier, Inc. Class B Price Performance

Shares of TSE:BBD.B opened at C$163.60 on Monday. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$165.47. The business has a 50 day simple moving average of C$112.33 and a two-hundred day simple moving average of C$95.25. The firm has a market capitalization of C$14.15 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were 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 company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Insiders sold 124,838 shares of company stock worth $12,420,520 over the last 90 days. 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.