Bombardier, Inc. Class B (TSE:BBD.B) Given New C$130.00 Price Target at National Bankshares

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price boosted by equities researchers at National Bankshares from C$128.00 to C$130.00 in a report issued on Friday,BayStreet.CA reports. National Bankshares' price objective indicates a potential upside of 31.29% from the stock's current price.

A number of other brokerages also recently issued reports on BBD.B. Barclays increased their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. Scotiabank lowered shares of 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 research note on Friday, November 1st. CIBC lifted their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Finally, National Bank Financial lifted their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$114.33.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B traded up C$0.05 during midday trading on Friday, hitting C$99.02. The company's stock had a trading volume of 187,449 shares, compared to its average volume of 432,922. The business's fifty day simple moving average is C$98.91 and its two-hundred day simple moving average is C$87.86. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The firm has a market capitalization of C$8.57 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, August 15th. The stock was 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 firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the firm'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.

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