Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price decreased by equities researchers at Royal Bank of Canada from C$133.00 to C$130.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada's price target indicates a potential upside of 39.88% from the company's current price.
A number of other research analysts also recently issued reports on the company. Scotiabank downgraded 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. 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 report on Thursday, October 10th. CIBC decreased their target price 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 Bankshares increased their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of "Moderate Buy" and an average target price of C$117.25.
Check Out Our Latest Report on Bombardier, Inc. Class B
Bombardier, Inc. Class B Stock Performance
Shares of BBD.B stock traded down C$0.10 during trading hours on Wednesday, reaching C$92.94. The company had a trading volume of 239,659 shares, compared to its average volume of 391,051. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60. The firm has a market cap of C$8.04 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The business has a fifty day moving average price of C$98.21 and a 200-day moving average price of C$95.25.
Insider Buying and Selling
In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, December 10th. The stock was 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 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. 1.66% of the stock is owned by company insiders.
Bombardier, Inc. Class B Company Profile
(
Get Free Report)
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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