Bombardier, Inc. Class B (TSE:BBD.B) Rating Increased to Neutral at UBS Group

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by investment analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a C$95.00 price target on the stock, up from their prior price target of C$77.00. UBS Group’s price target would indicate a potential upside of 10.56% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Desjardins cut their price objective on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. National Bankshares cut their target price on Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. TD Securities lowered their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a report on Friday, November 1st. Finally, BMO Capital Markets lifted their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of “Moderate Buy” and an average target price of C$114.67.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$85.93 on Monday. The stock’s fifty day moving average is C$90.63 and its 200 day moving average is C$94.65. The firm has a market capitalization of C$7.43 billion, a PE ratio of 22.26, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$46.75 and a fifty-two week high of C$113.60.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Company insiders own 1.66% of the company’s stock.

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.