Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) Target Price at C$114.00

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$114.00.

A number of equities research analysts recently commented on BBD.B shares. National Bankshares raised their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial boosted their price target on Bombardier, Inc. Class B to C$128.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. CIBC cut 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 note on Monday. Scotiabank downgraded shares of 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 report on Friday, November 1st. Finally, TD Securities dropped their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B traded up C$0.35 during trading hours on Thursday, reaching C$96.52. 76,918 shares of the company's stock were exchanged, compared to its average volume of 439,248. The company has a market capitalization of C$8.35 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company's 50-day moving average is C$101.43 and its two-hundred day moving average is C$94.62. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60.

Insider Activity

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 Bombardier, Inc. Class B 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 transaction of C$1,990,650.43. 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.