BMO Capital Markets Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$135.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by investment analysts at BMO Capital Markets from C$129.00 to C$135.00 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 34.13% from the stock’s previous close.

Other analysts have also issued research reports about the stock. National Bank Financial boosted their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. National Bankshares lifted their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. TD Securities reduced their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank lowered 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 note on Friday, November 1st. Finally, CIBC reduced their price objective on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$114.50.

Bombardier, Inc. Class B Trading Up 0.9 %

BBD.B traded up C$0.91 during trading on Tuesday, hitting C$100.65. The company’s stock had a trading volume of 152,741 shares, compared to its average volume of 272,173. The firm has a market capitalization of C$8.71 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 6.26 and a beta of 2.98. The business’s fifty day simple moving average is C$99.75 and its 200 day simple moving average is C$95.05. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60.

Insiders Place Their Bets

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 1.66% of the stock is currently owned by insiders.

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.