BMO Capital Markets Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by stock analysts at BMO Capital Markets from C$129.00 to C$135.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 41.39% from the stock’s current price.

Other research analysts also recently issued reports about the company. CIBC cut their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective on the stock. in a research note on Friday, November 1st. National Bank Financial lifted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, TD Securities reduced their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$114.50.

Bombardier, Inc. Class B Trading Down 5.1 %

BBD.B stock opened at C$95.48 on Tuesday. The firm has a 50 day moving average of C$99.39 and a 200-day moving average of C$95.14. The company has a market cap of C$8.26 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60.

Insider Activity

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value 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. 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.