Bombardier, Inc. Class B (TSE:BBD.B) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$117.25.

Several brokerages have recently issued reports on BBD.B. UBS Group lifted their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. National Bankshares lifted their price target on shares of Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the stock an “outperform” rating in a research report on Thursday. National Bank Financial increased their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. TD Securities decreased their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a report on Friday, November 1st.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$88.24 on Monday. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The stock has a market capitalization of C$7.63 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm has a 50 day simple moving average of C$97.68 and a 200-day simple moving average of C$95.35.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred 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 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 currently 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.