Scotiabank Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$90.00

Posted by Don Miller on May 6th, 2024

Bombardier, Inc. Class B (TSE:BBD.B – Free Report) had its price objective raised by Scotiabank from C$83.00 to C$90.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently commented on BBD.B. National Bankshares reduced their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a research report on Friday, April 26th. TD Securities boosted their target price on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the company a buy rating in a research report on Thursday. Desjardins lifted their price objective on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a buy rating in a research note on Thursday. Royal Bank of Canada increased 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 research note on Thursday. Finally, UBS Group upped their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of Moderate Buy and an average target price of C$87.56.

Get Our Latest Stock Report on BBD.B

Bombardier, Inc. Class B Trading Up 2.0 %

BBD.B stock opened at C$71.21 on Thursday. The firm has a 50-day moving average of C$56.94 and a two-hundred day moving average of C$52.44. The company has a market cap of C$6.07 billion, a price-to-earnings ratio of 11.14, a PEG 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.

Insiders Place Their Bets

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B 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. 1.66% of the stock is owned by insiders.

About Bombardier, Inc. Class B

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