Bombardier, Inc. Class B (TSE:BBD.B) Given New C$107.00 Price Target at Citigroup

Bombardier, Inc. Class B (TSE:BBD.B) had its target price cut by Citigroup from C$113.00 to C$107.00 in a report published on Monday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on BBD.B. National Bank Financial boosted their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. 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 on the stock. in a research report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday, January 15th. Finally, UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday, January 15th. Two equities research 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 company has an average rating of “Moderate Buy” and a consensus target price of C$117.50.

Bombardier, Inc. Class B Trading Down 2.7 %

BBD.B opened at C$82.76 on Monday. The firm has a market capitalization of C$7.16 billion, a PE ratio of 21.44, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The firm’s 50-day moving average price is C$95.86 and its 200 day moving average price is C$95.40.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s 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 transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction that occurred 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. 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.