Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$102.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective upped by Desjardins from C$101.00 to C$102.00 in a research report released on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

BBD.B has been the topic of several other research reports. TD Securities boosted their price objective on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a buy rating in a report on Thursday. Royal Bank of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an outperform rating in a report on Thursday. National Bankshares decreased their price objective on shares of 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, April 26th. Scotiabank cut their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating on the stock in a research note on Wednesday, April 10th. Finally, CIBC raised their target price on Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a neutral rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

Shares of Bombardier, Inc. Class B stock opened at C$71.21 on Thursday. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$71.49. The firm has a market capitalization of C$6.07 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The stock’s fifty day moving average is C$56.94 and its 200-day moving average is C$52.38.

Insiders Place Their Bets

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B 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.

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.