Royal Bank of Canada Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$130.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective reduced by investment analysts at Royal Bank of Canada from C$133.00 to C$130.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 43.74% from the company’s previous close.

A number of other research analysts have also weighed in on the company. CIBC cut their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. National Bankshares boosted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. Finally, TD Securities dropped their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and a consensus price target of C$117.25.

Bombardier, Inc. Class B Stock Down 2.8 %

Shares of TSE BBD.B opened at C$90.44 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 firm has a market cap of C$7.82 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The business has a fifty day simple moving average of C$98.21 and a two-hundred day simple moving average of C$95.25.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the 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. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. 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.