Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$104.00 at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by investment analysts at TD Securities from C$102.00 to C$104.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 63.03% from the stock’s current price.

A number of other brokerages have also commented on BBD.B. National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$94.00 to C$95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Desjardins cut their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Scotiabank cut their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada set a C$95.00 target price on shares of Bombardier, Inc. Class B and gave the company an “outperform” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$82.00.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock opened at C$63.79 on Friday. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$68.79. The firm has a market capitalization of C$5.44 billion, a P/E ratio of 9.98, a P/E/G ratio of -0.13 and a beta of 2.96. The company’s fifty day moving average price is C$55.42 and its two-hundred day moving average price is C$51.70.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is owned by 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.