Bombardier, Inc. Class B (TSE:BBD.B) Price Target Cut to C$83.00 by Analysts at Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) had its price target decreased by Scotiabank from C$85.00 to C$83.00 in a research report released on Wednesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on BBD.B. UBS Group lifted their price objective on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. CIBC cut their price objective on Bombardier, Inc. Class B from C$62.00 to C$60.00 and set a neutral rating for the company in a research report on Wednesday, January 10th. National Bankshares cut their price objective on Bombardier, Inc. Class B from C$94.00 to C$93.00 and set an outperform rating for the company in a research report on Tuesday, January 9th. Royal Bank of Canada set a C$95.00 target price on Bombardier, Inc. Class B and gave the company an outperform rating in a research note on Thursday, April 4th. Finally, Desjardins lowered their target price on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B currently has an average rating of Moderate Buy and an average price target of C$81.00.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$59.58 on Wednesday. The company has a market capitalization of C$5.08 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a one year low of C$39.87 and a one year high of C$72.29. The business has a 50 day simple moving average of C$53.35 and a 200 day simple moving average of C$50.72.

Insiders Place Their Bets

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction dated 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.