Bombardier, Inc. Class B (TSE:BBD.B) Given Average Rating of “Moderate Buy” by Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$117.17.

BBD.B has been the subject of several analyst reports. CIBC reduced their price target on shares of Bombardier, Inc. Class B from C$127.00 to C$126.00 in a report on Monday, January 20th. Royal Bank of Canada reduced their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday, January 15th. National Bank Financial boosted their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. National Bankshares boosted their price target on shares of Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, TD Securities reduced their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th.

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 value 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 shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 1.66% of the stock is owned by corporate insiders.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$90.78 on Monday. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The company has a market cap of C$7.85 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm has a fifty day moving average of C$96.77 and a 200-day moving average of C$95.45.

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.