Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$143.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price hoisted by Desjardins from C$102.00 to C$143.00 in a report issued on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other brokerages have also commented on BBD.B. UBS Group boosted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Royal Bank of Canada boosted their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an outperform rating in a research note on Thursday, May 2nd. CIBC boosted their price target on Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the stock an outperform rating in a research note on Monday, May 27th. BMO Capital Markets boosted their price target on Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an outperform rating in a research note on Monday. Finally, TD Securities boosted their price target on Bombardier, Inc. Class B from C$105.00 to C$127.00 and gave the stock a buy rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$99.70.

Bombardier, Inc. Class B Stock Performance

BBD.B traded down C$1.32 during trading on Thursday, reaching C$89.28. The company's stock had a trading volume of 317,877 shares, compared to its average volume of 481,963. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$94.24. The company's fifty day moving average price is C$70.11 and its 200-day moving average price is C$58.12. The company has a market capitalization of C$7.62 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99.

Insider Buying and Selling

In related news, Senior Officer Daniel Brennan sold 28,038 shares of the company's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. Also, Senior Officer Daniel Brennan sold 28,038 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. 1.66% of the stock is owned by corporate insiders.

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.