TD Securities Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$105.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by equities research analysts at TD Securities from C$104.00 to C$105.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 47.45% from the stock’s previous close.

Several other brokerages also recently commented on BBD.B. Scotiabank cut their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. Desjardins boosted their target price on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. National Bankshares lowered their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment 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 a consensus rating of “Moderate Buy” and an average price target of C$87.56.

Bombardier, Inc. Class B Stock Performance

Shares of Bombardier, Inc. Class B stock opened at C$71.21 on Thursday. The company has a 50-day simple moving average of C$56.52 and a two-hundred day simple moving average of C$52.21. The stock has a market capitalization of C$6.07 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 52-week low of C$39.87 and a 52-week high of C$71.49.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by company 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.