Bombardier, Inc. Class B (TSE:BBD.B) Given New C$134.00 Price Target at National Bankshares

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by National Bankshares from C$130.00 to C$134.00 in a research report report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on BBD.B. UBS Group lifted their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday. TD Securities reduced their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. National Bank Financial raised their price target on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, CIBC decreased their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$117.25.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B opened at C$90.44 on Thursday. The company’s 50 day simple moving average is C$97.94 and its 200 day simple moving average is C$95.26. The firm has a market capitalization of C$7.82 billion, a P/E ratio of 23.43, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction that occurred 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 stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 1.66% of the stock is 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.