Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by BMO Capital Markets from C$85.00 to C$95.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 36.55% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. TD Securities increased their price target 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. Scotiabank increased their price target on Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada boosted their price objective on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group upped 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, National Bankshares reduced their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$87.56.

Bombardier, Inc. Class B Trading Up 3.3 %

TSE BBD.B traded up C$2.22 during trading on Thursday, reaching C$69.57. The company’s stock had a trading volume of 604,242 shares, compared to its average volume of 445,362. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$70.00. The firm has a 50 day moving average price of C$56.14 and a 200 day moving average price of C$52.09. The firm has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. 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.