Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$95.00 by Analysts at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B) had its target price raised by BMO Capital Markets from C$85.00 to C$95.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on BBD.B. TD Securities lifted their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a buy rating in a research note on Thursday. CIBC upgraded Bombardier, Inc. Class B from a neutral rating to an outperform rating and raised their price target for the stock from C$67.00 to C$91.00 in a research note on Thursday. Scotiabank upped their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the company an outperform rating in a research report on Thursday. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a research report on Thursday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of TSE:BBD.B opened at C$71.21 on Thursday. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$71.49. The stock’s 50-day moving average is C$56.94 and its 200 day moving average is C$52.44. The company has a market cap of C$6.07 billion, a PE ratio of 11.14, a P/E/G ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is owned by insiders.

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.