Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$111.50.
Several research analysts have recently weighed in on the stock. National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a report on Thursday. CIBC increased their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Barclays increased their target price on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Citigroup increased their target price on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a "buy" rating in a research note on Tuesday, July 2nd. Finally, Scotiabank increased their target price on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a research note on Thursday, July 18th.
Read Our Latest Report on Bombardier, Inc. Class B
Insider Activity
In other news, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Company insiders own 1.66% of the company's stock.
Bombardier, Inc. Class B Price Performance
Shares of TSE:BBD.B traded down C$0.36 during trading on Friday, hitting C$110.10. 308,167 shares of the company were exchanged, compared to its average volume of 443,817. The company has a market cap of C$9.52 billion, a PE ratio of 28.52, a P/E/G ratio of 6.26 and a beta of 2.98. The stock has a 50 day moving average of C$92.71 and a 200 day moving average of C$82.73. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$111.86.
Bombardier, Inc. Class B Company Profile
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Get Free ReportBombardier 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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