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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by TD Securities from C$102.00 to C$104.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

BBD.B has been the topic of several other research reports. Desjardins cut their target price on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. CIBC lifted their price target on Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Scotiabank cut their price target 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. Royal Bank of Canada set a C$95.00 price target on Bombardier, Inc. Class B and gave the stock an outperform rating in a research report on Thursday, April 4th. Finally, National Bankshares lifted their price target 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. One equities research analyst has rated the stock with a sell rating, one has issued 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 price target of C$82.00.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$63.79 on Friday. Bombardier, Inc. Class B has a fifty-two week low of C$39.87 and a fifty-two week high of C$68.79. The firm has a market capitalization of C$5.44 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The stock’s 50-day simple moving average is C$55.20 and its 200-day simple moving average is C$51.61.

Insider Activity

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. Corporate insiders own 1.66% of the company’s stock.

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.