Bombardier, Inc. Class B (TSE:BBD.B) Given New C$101.00 Price Target at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by equities research analysts at Desjardins from C$96.00 to C$101.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 58.33% from the stock’s previous close.

BBD.B has been the subject of several other research reports. National Bankshares dropped their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a report on Friday. Scotiabank dropped their price objective 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 report on Wednesday, April 10th. Royal Bank of Canada set a C$95.00 price objective on shares of Bombardier, Inc. Class B and gave the company an “outperform” rating in a report on Thursday, April 4th. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Finally, TD Securities increased their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$82.00.

Bombardier, Inc. Class B Stock Up 3.3 %

BBD.B opened at C$63.79 on Friday. The firm has a 50-day simple moving average of C$55.42 and a two-hundred day simple moving average of C$51.70. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$68.79. The company has a market capitalization of C$5.44 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is owned by insiders.

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.