Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, UBS Group Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by research analysts at UBS Group from C$70.00 to C$76.00 in a research note issued on Wednesday, Marketbeat Ratings reports. UBS Group’s price target would suggest a potential downside of 15.97% from the stock’s current price.

A number of other equities analysts also recently commented on the company. TD Securities decreased their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Royal Bank of Canada decreased their target price on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research report on Wednesday. CIBC dropped their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. National Bank Financial raised their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, National Bankshares boosted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and a consensus target price of C$117.25.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock opened at C$90.44 on Wednesday. The firm has a fifty day moving average of C$98.21 and a two-hundred day moving average of C$95.25. The firm has a market cap of C$7.82 billion, a P/E ratio of 23.43, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1-year low of C$44.29 and a 1-year high of C$113.60.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 19,676 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 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. 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.