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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$81.38.

A number of research analysts have recently commented on BBD.B shares. National Bankshares increased their target price on shares of Bombardier, Inc. Class B from C$94.00 to C$95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC increased their target price on shares of Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Scotiabank dropped their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Finally, Desjardins dropped their target price on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. Company insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Trading Down 3.0 %

Shares of BBD.B opened at C$57.00 on Friday. The company has a market cap of C$4.86 billion, a price-to-earnings ratio of 8.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$68.79. The company’s fifty day simple moving average is C$54.77 and its 200 day simple moving average is C$51.47.

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.