Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price decreased by Royal Bank of Canada from C$130.00 to C$116.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Several other research firms have also commented on BBD.B. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Scotiabank cut Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 target price on the stock. in a research report on Friday, November 1st. TD Securities reduced their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Citigroup dropped their price objective on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. Finally, CIBC reduced their target price on Bombardier, Inc. Class B from C$127.00 to C$126.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$112.33.
Get Our Latest Stock Analysis on Bombardier, Inc. Class B
Bombardier, Inc. Class B Trading Up 4.1 %
Bombardier, Inc. Class B stock traded up C$3.29 during mid-day trading on Friday, hitting C$83.15. The company had a trading volume of 887,640 shares, compared to its average volume of 617,195. The company has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The company's fifty day moving average is C$94.54 and its 200-day moving average is C$95.36.
Insider Buying and Selling at Bombardier, Inc. Class B
In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 19,676 shares of the company's stock in a transaction on Thursday, December 5th. The stock was 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 the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. 1.66% of the stock is currently owned by insiders.
Bombardier, Inc. Class B Company Profile
(
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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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