Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$175.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Desjardins from C$140.00 to C$175.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on BBD.B. TD Securities raised their target price on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Scotiabank upgraded shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$105.00 to C$150.00 in a report on Wednesday. Finally, BMO Capital Markets raised their price target on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$130.08.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$149.75 on Thursday. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$149.84. The stock has a market cap of C$12.95 billion, a PE ratio of 38.80, a P/E/G ratio of 6.26 and a beta of 2.98. The stock has a 50 day moving average price of C$100.72 and a 200 day moving average price of C$91.75.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total value of C$2,085,358.00. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total transaction of C$430,000.00. Over the last quarter, insiders sold 124,838 shares of company stock valued at $12,420,520. 1.66% of the stock is currently owned by company 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.