Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$104.00 at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by investment analysts at TD Securities from C$102.00 to C$104.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 63.03% from the company’s previous close.

Other analysts have also issued research reports about the company. Desjardins cut their target price on Bombardier, Inc. Class B from C$104.00 to C$103.00 in a research note on Wednesday, January 10th. Scotiabank cut their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada set a C$95.00 target price on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research note on Thursday, April 4th. National Bankshares upped their target price on Bombardier, Inc. Class B from C$94.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, CIBC increased their price objective on Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$82.00.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B opened at C$63.79 on Friday. The firm has a market cap 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. The stock 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 1 year low of C$39.87 and a 1 year high of C$68.79.

Insider Activity

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 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.