Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$99.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Royal Bank of Canada from C$95.00 to C$99.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Scotiabank dropped their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a research note on Wednesday, April 10th. Desjardins raised their price target on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a buy rating in a research note on Friday, April 26th. National Bankshares lowered their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a report on Friday, April 26th. Finally, TD Securities increased their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the stock a buy rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B opened at C$71.21 on Thursday. The company has a 50-day simple moving average of C$56.94 and a 200-day simple moving average of C$52.38. The company has a market cap 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. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$71.49.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B 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 transaction of C$767,039.00. 1.66% of the stock is currently owned by insiders.

About Bombardier, Inc. Class B

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