Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$114.00.

Several equities analysts recently issued reports on BBD.B shares. National Bankshares boosted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. TD Securities cut their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. National Bank Financial lifted their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. CIBC cut their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Finally, Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research note on Friday, November 1st.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$96.68 on Thursday. The company’s 50 day moving average price is C$101.19 and its 200-day moving average price is C$94.75. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The company has a market capitalization of C$8.36 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Company 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.