Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$111.50.

A number of research firms have recently weighed in on BBD.B. Barclays boosted their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. National Bankshares lifted their price target on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. National Bank Financial upped 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. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research note on Friday, November 1st. Finally, CIBC boosted their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research report on Friday, July 26th.

Bombardier, Inc. Class B Stock Up 0.5 %

Shares of Bombardier, Inc. Class B stock opened at C$101.80 on Wednesday. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The business has a 50-day moving average price of C$98.34 and a 200-day moving average price of C$87.45. The firm has a market cap of C$8.81 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total value of C$366,280.00. 1.66% of the stock is owned by company insiders.

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.