TD Securities Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$130.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective trimmed by TD Securities from C$132.00 to C$130.00 in a report published on Friday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a research report on Friday, November 1st. Barclays upped their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. CIBC dropped their price target on shares of Bombardier, Inc. Class B from C$134.00 to C$131.00 in a research report on Friday. National Bank Financial raised their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, National Bankshares upped their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$114.33.

Bombardier, Inc. Class B Stock Down 1.0 %

Shares of TSE:BBD.B opened at C$97.95 on Friday. The company’s 50-day moving average price is C$99.09 and its 200 day moving average price is C$88.33. The company has a market cap of C$8.47 billion, a PE ratio of 25.38, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. In related news, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total transaction of C$534,000.00. 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.