Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price lowered by investment analysts at Citigroup from C$113.00 to C$107.00 in a research note issued on Monday,BayStreet.CA reports. Citigroup's price objective points to a potential upside of 26.22% from the company's previous close.
Several other analysts have also issued reports on BBD.B. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. National Bank Financial upped their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. Royal Bank of Canada lowered their target price on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research report on Wednesday, January 15th. UBS Group boosted their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday, January 15th. Finally, TD Securities decreased their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$117.50.
View Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Stock Performance
Shares of BBD.B stock traded down C$0.84 during mid-day trading on Monday, hitting C$84.77. The company's stock had a trading volume of 140,540 shares, compared to its average volume of 532,069. Bombardier, Inc. Class B has a 52-week low of C$44.29 and a 52-week high of C$113.60. The stock has a market cap of C$7.33 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 6.26 and a beta of 2.98. The business has a 50-day moving average price of C$95.50 and a 200 day moving average price of C$95.38.
Insider Buying and Selling
In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company's stock in a transaction that occurred 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. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company's stock in a transaction 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 currently owned by company insiders.
About Bombardier, Inc. Class B
(
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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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