Bombardier, Inc. Class B (TSE:BBD.B) Receives C$99.70 Average Target Price from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$99.70.

BBD.B has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. UBS Group boosted their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Royal Bank of Canada boosted their price objective on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, CIBC boosted their price objective on Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the company an “outperform” rating in a report on Monday, May 27th.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$84.25 on Friday. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$94.24. The firm has a market cap of C$7.19 billion, a price-to-earnings ratio of 22.53, a PEG ratio of -0.13 and a beta of 2.99. The stock’s 50-day simple moving average is C$74.38 and its 200-day simple moving average is C$59.86.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 28,038 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. In other news, Senior Officer Daniel Brennan sold 28,038 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. Also, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s 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 value of C$767,039.00. Over the last three months, insiders sold 89,048 shares of company stock worth $7,003,640. Company insiders own 1.66% of the company’s stock.

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.