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

Posted by Defense World Staff on Apr 20th, 2024

Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$81.38.

BBD.B has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Scotiabank decreased their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. Desjardins decreased their target price on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research report on Wednesday, January 10th. Royal Bank of Canada set a C$95.00 target price on shares of Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, CIBC boosted their target price on shares of Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th.

Read Our Latest Analysis on BBD.B

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Price Performance

BBD.B stock opened at C$57.07 on Friday. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$70.17. The company’s 50 day simple moving average is C$54.39 and its 200-day simple moving average is C$51.21. The firm has a market capitalization of C$4.87 billion, a P/E ratio of 8.93, a P/E/G ratio of -0.13 and a beta of 2.96.

About Bombardier, Inc. Class B

(Get Free Report

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.