Bombardier, Inc. Class B (TSE:BBD.B) Given New C$102.00 Price Target at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by stock analysts at Desjardins from C$101.00 to C$102.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 46.61% from the company’s current price.

BBD.B has been the subject of several other research reports. Royal Bank of Canada upped their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Scotiabank reduced their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. Finally, TD Securities boosted their target price on Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and an average price target of C$87.56.

Bombardier, Inc. Class B Price Performance

BBD.B traded up C$2.22 during trading on Thursday, hitting C$69.57. The company had a trading volume of 604,242 shares, compared to its average volume of 445,362. The business has a 50-day moving average of C$56.14 and a 200-day moving average of C$52.09. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$70.00. The company has a market cap of C$5.94 billion, a PE ratio of 10.89, a P/E/G ratio of -0.13 and a beta of 2.96.

Insider Transactions at Bombardier, Inc. Class B

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