Desjardins Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by research analysts at Desjardins from C$145.00 to C$142.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 71.04% from the company’s current price.

A number of other brokerages have also weighed in on BBD.B. UBS Group upped their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective on the stock. in a report on Friday, November 1st. Citigroup decreased their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday. BMO Capital Markets raised their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Finally, TD Securities decreased their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$112.33.

Bombardier, Inc. Class B Stock Up 4.0 %

Shares of BBD.B stock traded up C$3.16 during mid-day trading on Friday, reaching C$83.02. The stock had a trading volume of 564,139 shares, compared to its average volume of 604,463. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60. The firm has a market cap of C$7.18 billion, a PE ratio of 21.51, a P/E/G ratio of 6.26 and a beta of 2.98. The firm’s 50 day simple moving average is C$94.74 and its 200 day simple moving average is C$95.31.

Insider Transactions at Bombardier, Inc. Class B

In related 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 value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction that occurred 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. 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.