Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) was downgraded by stock analysts at Scotiabank from an "outperform" rating to a "sector perform" rating in a report issued on Friday, BayStreet.CA reports. They currently have a C$120.00 target price on the stock. Scotiabank's target price indicates a potential upside of 15.75% from the stock's previous close.
Several other brokerages have also commented on BBD.B. Barclays boosted their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. National Bank Financial lifted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. CIBC upped their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Finally, National Bankshares lifted their price target on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an "outperform" rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$111.50.
Read Our Latest Report on Bombardier, Inc. Class B
Bombardier, Inc. Class B Price Performance
TSE BBD.B traded up C$1.25 on Friday, hitting C$103.67. The company had a trading volume of 279,539 shares, compared to its average volume of 434,154. The company has a market capitalization of C$8.97 billion, a PE ratio of 26.86, a PEG ratio of 6.26 and a beta of 2.98. The company's fifty day moving average price is C$98.09 and its 200-day moving average price is C$86.95. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60.
Insider Buying and Selling at Bombardier, Inc. Class B
In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. In related news, Senior Officer Eve Laurier sold 4,000 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. 1.66% of the stock is owned by corporate insiders.
Bombardier, Inc. Class B Company Profile
(
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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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