National Bankshares Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by National Bankshares from C$128.00 to C$130.00 in a report published on Friday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on BBD.B. CIBC boosted their price objective on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Barclays increased their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. National Bank Financial upped their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$114.33.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock traded down C$1.02 during mid-day trading on Friday, hitting C$97.95. 341,603 shares of the stock were exchanged, compared to its average volume of 433,633. The stock’s fifty day simple moving average is C$99.09 and its two-hundred day simple moving average is C$88.13. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60. The stock has a market capitalization of C$8.47 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Activity at Bombardier, Inc. Class B

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 other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s stock in a transaction dated 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 company’s stock in a transaction dated 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.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.