Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$112.33

Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) have received an average rating of "Moderate Buy" from the ten brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$112.33.

A number of equities analysts recently weighed in on BBD.B shares. Desjardins lowered their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Citigroup dropped their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. 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. BMO Capital Markets boosted their price target on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Finally, Scotiabank cut 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 report on Friday, November 1st.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B traded up C$2.00 during mid-day trading on Friday, hitting C$90.00. 633,001 shares of the company's stock were exchanged, compared to its average volume of 612,423. Bombardier, Inc. Class B has a 52 week low of C$46.75 and a 52 week high of C$113.60. The company has a market cap of C$7.79 billion, a PE ratio of 23.32, a P/E/G ratio of 6.26 and a beta of 2.98. The company has a 50-day simple moving average of C$91.71 and a 200 day simple moving average of C$94.86.

Insiders Place Their Bets

In related news, Senior Officer Daniel Brennan sold 19,676 shares of the 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 company's 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. Insiders own 1.66% of the company's stock.

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.