Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price increased by equities researchers at National Bankshares from C$130.00 to C$134.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 51.86% from the stock's previous close.
A number of other brokerages have also issued reports on BBD.B. TD Securities cut their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. CIBC decreased 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, December 23rd. BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday. Finally, Royal Bank of Canada cut their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$117.25.
Read Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Stock Down 2.4 %
TSE:BBD.B traded down C$2.20 during trading hours on Thursday, hitting C$88.24. 637,547 shares of the stock traded hands, compared to its average volume of 435,334. The company has a market cap of C$7.63 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The stock has a 50 day moving average price of C$97.68 and a 200 day moving average price of C$95.27.
Insider Activity at Bombardier, Inc. Class B
In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company's stock in a transaction dated 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 insiders.
Bombardier, Inc. Class B Company Profile
(
Get Free Report)
Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
Featured Stories
Before you consider Bombardier, Inc. Class B, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bombardier, Inc. Class B wasn't on the list.
While Bombardier, Inc. Class B currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
