Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$92.00 at National Bankshares

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lowered by research analysts at National Bankshares from C$95.00 to C$92.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 44.22% from the stock’s current price.

BBD.B has been the subject of a number of other research reports. Scotiabank cut 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. UBS Group boosted 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. TD Securities upped their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada set a C$95.00 price target on shares of Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, CIBC upped their price target on shares of Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. One equities research 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’s stock. According to MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and an average price target of C$82.00.

Bombardier, Inc. Class B Stock Up 3.3 %

TSE BBD.B opened at C$63.79 on Friday. The company has a market capitalization of C$5.44 billion, a P/E ratio of 9.98, a P/E/G ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$68.79. The firm has a 50-day moving average price of C$55.42 and a two-hundred day moving average price of C$51.70.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction that occurred 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. 1.66% of the stock is owned by corporate insiders.

About Bombardier, Inc. Class B

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