Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$117.25

Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$117.17.

BBD.B has been the subject of a number of research reports. National Bankshares raised their target price on Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. CIBC lowered their price target on shares of Bombardier, Inc. Class B from C$127.00 to C$126.00 in a report on Monday. Scotiabank downgraded Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 price objective on the stock. in a report on Friday, November 1st. Finally, National Bank Financial lifted their target price on Bombardier, Inc. Class B to C$128.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is currently owned by corporate insiders.

Bombardier, Inc. Class B Trading Up 7.2 %

BBD.B traded up C$6.33 on Monday, hitting C$94.57. 668,936 shares of the stock traded hands, compared to its average volume of 453,303. The business has a fifty day moving average price of C$97.68 and a two-hundred day moving average price of C$95.35. The firm has a market capitalization of C$8.18 billion, a PE ratio of 24.50, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60.

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.