Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, National Bankshares Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by analysts at National Bankshares from C$130.00 to C$134.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 51.86% from the company’s previous close.

Other research analysts also recently issued reports about the company. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday, November 1st. National Bank Financial raised their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. CIBC dropped their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Finally, UBS Group raised their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B has an average rating of “Moderate Buy” and an average target price of C$117.25.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$88.24 on Thursday. The stock has a 50-day simple moving average of C$97.68 and a two-hundred day simple moving average of C$95.27. The firm has a market capitalization of C$7.63 billion, a PE ratio of 22.86, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction on 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 company’s stock in a transaction on Thursday, December 5th. The shares were 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.

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.