Bombardier, Inc. Class B (TSE:BBD.B) Given New C$104.00 Price Target at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective upped by research analysts at TD Securities from C$102.00 to C$104.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 63.37% from the company’s current price.

Other research analysts have also issued reports about the company. National Bankshares increased their target price on Bombardier, Inc. Class B from C$94.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Scotiabank cut their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. UBS Group raised their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Desjardins cut their price objective on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$82.00.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B traded up C$1.92 during trading hours on Friday, hitting C$63.66. The stock had a trading volume of 433,979 shares, compared to its average volume of 435,897. The firm has a market cap of C$5.43 billion, a P/E ratio of 10.01, a P/E/G ratio of -0.13 and a beta of 2.96. The company’s fifty day simple moving average is C$54.96 and its 200 day simple moving average is C$51.54. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$68.79.

Insider Activity

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 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.