Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$99.00 at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by Royal Bank of Canada from C$95.00 to C$99.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on BBD.B. UBS Group raised their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Scotiabank reduced their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an outperform rating for the company in a research report on Wednesday, April 10th. Desjardins raised their target price on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a buy rating in a research report on Friday, April 26th. TD Securities boosted their price target on Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a buy rating in a research note on Friday, April 26th. Finally, CIBC increased their price objective on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a neutral rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of Moderate Buy and an average price target of C$87.56.

Bombardier, Inc. Class B Stock Up 2.0 %

Shares of TSE:BBD.B traded up C$1.41 during midday trading on Thursday, reaching C$71.21. The company’s stock had a trading volume of 536,608 shares, compared to its average volume of 450,801. The firm has a 50 day moving average of C$56.52 and a 200-day moving average of C$52.21. The firm has a market capitalization of C$6.07 billion, a P/E ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$71.49.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by company 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.