Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$101.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Desjardins from C$96.00 to C$101.00 in a research report report published on Friday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other research firms also recently commented on BBD.B. National Bankshares dropped their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a research note on Friday. TD Securities boosted their price target on Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a buy rating in a research note on Friday. CIBC boosted their price target on Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the company a neutral rating in a research note on Friday. Royal Bank of Canada set a C$95.00 price target on Bombardier, Inc. Class B and gave the company an outperform rating in a research note on Thursday, April 4th. Finally, UBS Group boosted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$82.00.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$63.79 on Friday. The company has a market capitalization of C$5.44 billion, a P/E ratio of 9.98, a P/E/G ratio of -0.13 and a beta of 2.96. The stock has a fifty day moving average of C$55.20 and a 200-day moving average of C$51.61. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$68.79.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 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.