Bombardier, Inc. Class B (TSE:BBD.B) Given New C$133.00 Price Target at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by stock analysts at Royal Bank of Canada from C$99.00 to C$133.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 52.42% from the stock’s current price.

BBD.B has been the subject of a number of other research reports. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC raised their price objective on shares of 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. Desjardins raised their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Citigroup raised their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$106.40.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B traded down C$0.47 during mid-day trading on Tuesday, reaching C$87.26. The company had a trading volume of 122,272 shares, compared to its average volume of 489,792. The company’s 50 day simple moving average is C$80.77 and its 200 day simple moving average is C$62.92. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$94.24. The company has a market capitalization of C$7.44 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of -0.13 and a beta of 2.99.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Eve Laurier sold 7,871 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. In other news, Senior Officer Eve Laurier sold 7,871 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$87.33, for a total transaction of C$687,377.58. Also, Senior Officer Daniel Brennan sold 28,038 shares of Bombardier, Inc. Class B stock in a transaction on Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. Insiders sold a total of 83,919 shares of company stock valued at $6,923,979 in the last quarter. 1.66% of the stock is currently owned by company 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.