Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Rating of “Moderate Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$117.17.

A number of research firms have issued reports on BBD.B. Royal Bank of Canada reduced their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday, January 15th. CIBC decreased their target price on Bombardier, Inc. Class B from C$127.00 to C$126.00 in a report on Monday, January 20th. Scotiabank downgraded 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 report on Friday, November 1st. National Bankshares lifted their price objective on Bombardier, Inc. Class B from C$130.00 to C$134.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets upped their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th.

Bombardier, Inc. Class B Price Performance

TSE BBD.B opened at C$90.78 on Monday. The company has a market cap of C$7.85 billion, a P/E ratio of 23.52, a P/E/G ratio of 6.26 and a beta of 2.98. The stock has a 50-day moving average of C$96.77 and a two-hundred day moving average of C$95.49. Bombardier, Inc. Class B has a 1-year low of C$44.29 and a 1-year high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

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

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.