Royal Bank of Canada Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$130.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by Royal Bank of Canada from C$133.00 to C$130.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Several other equities analysts have also weighed in on BBD.B. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. CIBC cut their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. TD Securities dropped their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Finally, Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$117.25.

Bombardier, Inc. Class B Price Performance

BBD.B stock opened at C$88.24 on Wednesday. The company has a 50 day moving average price of C$97.68 and a 200 day moving average price of C$95.27. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The stock has a market capitalization of C$7.63 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the 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 value of C$521,650.00. Company 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.