Bombardier, Inc. Class B (TSE:BBD.B) Price Target Increased to C$102.00 by Analysts at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by Desjardins from C$101.00 to C$102.00 in a report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. UBS Group lifted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. TD Securities boosted their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a buy rating in a report on Thursday. Royal Bank of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a report on Thursday. CIBC lifted their price objective 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. Finally, National Bankshares reduced their target price 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 equities research 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 presently has a consensus rating of Moderate Buy and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B traded up C$1.41 on Thursday, hitting C$71.21. The stock had a trading volume of 536,608 shares, compared to its average volume of 450,801. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$71.49. The firm’s fifty day simple moving average is C$56.52 and its two-hundred day simple moving average is C$52.21. The stock has a market cap of C$6.07 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insider Activity

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was 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 company 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.