Scotiabank Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$120.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by Scotiabank from C$100.00 to C$120.00 in a research note released on Thursday, BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. CIBC increased their price target on Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the company an outperform rating in a research report on Monday, May 27th. TD Securities raised their target price on Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the company a buy rating in a research report on Tuesday, May 28th. National Bankshares raised their target price on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an outperform rating in a research report on Thursday, July 11th. UBS Group raised their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the company a neutral rating in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given 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$110.60.

Bombardier, Inc. Class B Trading Up 0.8 %

TSE BBD.B opened at C$95.82 on Thursday. The firm has a market capitalization of C$8.17 billion, a P/E ratio of 25.62, a PEG ratio of -0.13 and a beta of 2.99. The business has a fifty day simple moving average of C$87.71 and a 200 day simple moving average of C$66.82. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$97.86.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 7,871 shares of Bombardier, Inc. Class B stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$87.33, for a total transaction of C$687,377.58. In other news, Senior Officer Daniel Brennan sold 28,038 shares of the business’s stock in a transaction dated 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 business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$87.33, for a total value of C$687,377.58. In the last 90 days, insiders sold 83,919 shares of company stock worth $6,923,979. 1.66% of the stock is owned by company insiders.

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.