BMO Capital Markets Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by BMO Capital Markets from C$85.00 to C$95.00 in a report issued on Thursday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on BBD.B. Desjardins upped their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a buy rating in a research note on Thursday. Scotiabank upped their price objective on Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank of Canada lifted their target price on 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. National Bankshares dropped their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Finally, CIBC upgraded Bombardier, Inc. Class B from a neutral rating to an outperform rating and raised their price objective for the stock from C$67.00 to C$91.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$87.56.

Bombardier, Inc. Class B Trading Up 2.0 %

TSE BBD.B traded up C$1.41 during trading hours on Thursday, reaching C$71.21. 536,608 shares of the company traded hands, compared to its average volume of 450,801. The stock has a market capitalization of C$6.07 billion, a PE ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 12 month low of C$39.87 and a 12 month high of C$71.49. The company has a 50 day moving average of C$56.52 and a two-hundred day moving average of C$52.21.

Insiders Place Their Bets

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