Bombardier, Inc. Class B (TSE:BBD.B) Senior Officer Sells C$1,962,660.00 in Stock

Bombardier, Inc. Class B (TSE:BBD.B) Senior Officer Daniel Brennan sold 28,038 shares of Bombardier, Inc. Class B stock in a transaction on Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00.

Bombardier, Inc. Class B Stock Down 1.1 %

Shares of BBD.B stock opened at C$71.38 on Friday. The stock has a fifty day moving average of C$58.90 and a 200 day moving average of C$53.20. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$74.42. The firm has a market capitalization of C$6.09 billion, a price-to-earnings ratio of 11.17, a PEG ratio of -0.13 and a beta of 2.96.

Analysts Set New Price Targets

A number of analysts have commented on BBD.B shares. CIBC upgraded shares of Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$67.00 to C$91.00 in a research note on Thursday, May 2nd. 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, May 2nd. National Bankshares reduced their target price 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. BMO Capital Markets upped their target price on shares of Bombardier, Inc. Class B from C$85.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Finally, TD Securities upped their target price 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 note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and an average price target of C$87.56.

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.