Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Rating of “Moderate Buy” from Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$114.00.

Several research analysts have issued reports on the stock. National Bankshares raised their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a report on Friday, November 1st. TD Securities lowered their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. CIBC dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, National Bank Financial raised their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th.

Bombardier, Inc. Class B Price Performance

BBD.B opened at C$96.52 on Thursday. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The company’s 50 day moving average price is C$101.67 and its two-hundred day moving average price is C$94.58. The firm has a market capitalization of C$8.35 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 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.