Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$128.00 at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report) had its price objective upped by stock analysts at National Bank Financial to C$128.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 16.26% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Barclays increased their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Citigroup raised their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. CIBC raised their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Finally, Scotiabank raised their target price on shares of Bombardier, Inc. Class B from C$100.00 to C$120.00 in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$111.50.

Get Our Latest Research Report on BBD.B

Bombardier, Inc. Class B Stock Down 0.3 %

BBD.B stock opened at C$110.10 on Thursday. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$111.86. The firm’s 50-day simple moving average is C$92.71 and its 200 day simple moving average is C$82.55. The stock has a market cap of C$9.52 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Corporate insiders own 1.66% of the company’s stock.

About Bombardier, Inc. Class B

(Get Free Report)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

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