Insider Selling: Bombardier, Inc. Class B (TSE:BBD.B) Senior Officer Sells C$4,273,941.42 in Stock

Bombardier, Inc. Class B (TSE:BBD.B) Senior Officer Daniel Brennan sold 48,010 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total value of C$4,273,941.42.

Daniel Brennan also recently made the following trade(s):

• On Friday, May 3rd, Daniel Brennan sold 28,038 shares of Bombardier, Inc. Class B stock. The shares were sold at an average price of C$70.00, for a total value of C$1,962,660.00.

Bombardier, Inc. Class B Stock Down 2.6 %

Shares of BBD.B opened at C$84.25 on Friday. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$94.24. The firm has a market capitalization of C$7.19 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of -0.13 and a beta of 2.99. The stock’s fifty day simple moving average is C$73.85 and its 200-day simple moving average is C$59.62.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Desjardins upped their price target on Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. National Bankshares decreased their target price on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. BMO Capital Markets increased their target price on Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. CIBC increased their target price on Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a report on Monday, May 27th. Finally, JPMorgan Chase & Co. increased their target price on Bombardier, Inc. Class B from C$75.00 to C$91.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$99.70.

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.