National Bankshares Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$103.00

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price cut by National Bankshares from C$134.00 to C$103.00 in a report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently weighed in on BBD.B. Scotiabank cut shares of 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 report on Friday, November 1st. CIBC decreased their target price on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an "outperform" rating for the company in a research note on Friday. UBS Group raised their price target on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. TD Securities cut their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, Citigroup lowered their target price on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$112.33.

Bombardier, Inc. Class B Price Performance

TSE BBD.B traded up C$3.29 during trading hours on Friday, hitting C$83.15. The company's stock had a trading volume of 887,640 shares, compared to its average volume of 617,195. 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 50 day simple moving average is C$94.54 and its two-hundred day simple moving average is C$95.36. The company has a market cap of C$7.19 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In related news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Insiders own 1.66% of the company's stock.

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.