Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$135.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by JPMorgan Chase & Co. from C$100.00 to C$135.00 in a report published on Wednesday,BayStreet.CA reports.

Several other research firms have also recently weighed in on BBD.B. UBS Group increased their price objective on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. BMO Capital Markets upped their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$105.00 to C$150.00 in a report on Wednesday, July 2nd. CIBC raised their price target 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, July 3rd. Finally, Desjardins boosted their price objective on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$133.00.

Bombardier, Inc. Class B Stock Up 1.4%

Shares of TSE:BBD.B opened at C$165.55 on Wednesday. The business has a 50 day moving average price of C$115.42 and a 200 day moving average price of C$96.18. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$165.72. The company has a market cap of C$14.32 billion, a price-to-earnings ratio of 42.89, a PEG ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of C$99.26, for a total value of C$397,032.40. Insiders have sold a total of 124,838 shares of company stock valued at $12,420,520 over the last 90 days. Company 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.