BMO Capital Markets Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by BMO Capital Markets from C$85.00 to C$95.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 33.41% from the stock’s previous close.

A number of other equities analysts have also weighed in on BBD.B. Scotiabank upped their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group lifted their target price on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. CIBC upgraded Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$67.00 to C$91.00 in a research note on Thursday. National Bankshares decreased their price target 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 research note on Friday, April 26th. Finally, TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B opened at C$71.21 on Thursday. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$71.49. The business has a 50 day simple moving average of C$56.52 and a 200 day simple moving average of C$52.21. The stock has a market cap of C$6.07 billion, a price-to-earnings ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B 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 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.