Bombardier, Inc. Class B (TSE:BBD.B) Receives C$114.00 Average PT from Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$114.00.

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

Bombardier, Inc. Class B Stock Up 1.1 %

BBD.B stock opened at C$97.75 on Thursday. The company has a 50-day simple moving average of C$100.40 and a 200 day simple moving average of C$94.86. The company has a market capitalization of C$8.46 billion, a P/E ratio of 25.32, a PEG 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 Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B 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. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. Insiders own 1.66% of the company’s stock.

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.