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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$114.33.

A number of brokerages have recently issued reports on BBD.B. CIBC reduced their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$131.00 in a report on Friday. Scotiabank lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a report on Friday, November 1st. Barclays raised their target price on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. TD Securities decreased their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday. Finally, National Bankshares raised their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total value of C$366,280.00. In other news, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total value of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the business’s stock in a transaction that occurred 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 Price Performance

Shares of BBD.B opened at C$97.95 on Wednesday. The stock has a 50-day moving average of C$99.09 and a 200-day moving average of C$88.33. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60. 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 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.