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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by Desjardins from C$140.00 to C$175.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on BBD.B. Royal Bank Of Canada increased their price objective 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. National Bankshares raised their price target on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a report on Wednesday. CIBC raised their target price on shares of Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. Two 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 currently has an average rating of “Moderate Buy” and a consensus price target of C$130.08.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$148.02 on Thursday. The business’s fifty day moving average is C$99.55 and its 200 day moving average is C$91.41. The firm has a market cap of C$12.81 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$149.84.

Insider Activity

In related news, Senior Officer Daniel Brennan sold 11,206 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total value of C$1,030,952.00. Also, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. In the last three months, insiders sold 124,838 shares of company stock valued at $12,420,520. 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.