Citigroup Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$103.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price boosted by Citigroup from C$83.00 to C$103.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

BBD.B has been the subject of several other research reports. National Bankshares reduced their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating for the company in a research note on Friday, April 26th. UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC boosted their target price 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. BMO Capital Markets boosted their target price 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. Finally, Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the company a buy rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of Moderate Buy and an average price target of C$106.40.

Bombardier, Inc. Class B Price Performance

Shares of TSE:BBD.B opened at C$86.99 on Tuesday. The stock has a market cap of C$7.42 billion, a P/E ratio of 23.26, a P/E/G ratio of -0.13 and a beta of 2.99. The firm has a fifty day moving average price of C$82.47 and a 200 day moving average price of C$63.58. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$94.24.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 7,871 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$87.33, for a total value of C$687,377.58. In other news, Senior Officer Daniel Brennan sold 28,038 shares of Bombardier, Inc. Class B stock in a transaction 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 Eve Laurier sold 7,871 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$87.33, for a total value of C$687,377.58. Over the last quarter, insiders sold 83,919 shares of company stock worth $6,923,979. 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.