JPMorgan Chase & Co. Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lowered by stock analysts at JPMorgan Chase & Co. from C$110.00 to C$100.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.89% from the company’s current price.

Several other research firms also recently issued reports on BBD.B. Desjardins reduced their price target on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. CIBC reduced their price target on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada decreased their price objective on shares of Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. TD Securities reduced their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, National Bankshares lowered their price target on Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and an average target price of C$113.08.

Bombardier, Inc. Class B Stock Down 1.6 %

Shares of TSE BBD.B opened at C$88.58 on Thursday. The business’s 50 day moving average price is C$91.13 and its two-hundred day moving average price is C$94.77. The company has a market cap of C$7.66 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a twelve month low of C$46.75 and a twelve month high of C$113.60.

Insider Activity

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the business’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 value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’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. Corporate 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.