Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) PT at C$111.50

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$111.50.

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday, July 30th. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an "outperform" rating in a research report on Thursday, July 11th. National Bank Financial boosted their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Scotiabank downgraded Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 price target for the company. in a report on Friday, November 1st. Finally, CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th.

Insider Buying and Selling

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

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock traded up C$4.34 during mid-day trading on Wednesday, hitting C$106.14. 477,978 shares of the company were exchanged, compared to its average volume of 432,169. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The business's 50 day simple moving average is C$98.58 and its two-hundred day simple moving average is C$87.55. The company has a market capitalization of C$9.18 billion, a P/E ratio of 27.15, a PEG ratio of 6.26 and a beta of 2.98.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.