National Bankshares Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$130.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by equities research analysts at National Bankshares from C$128.00 to C$130.00 in a note issued to investors on Friday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 32.72% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Barclays raised their price target on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a research note on Friday, November 1st. Finally, CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$114.33.

Bombardier, Inc. Class B Stock Performance

Shares of Bombardier, Inc. Class B stock opened at C$97.95 on Friday. The stock has a market cap of C$8.47 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock has a 50 day moving average price of C$99.09 and a 200-day moving average price of C$88.33. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. In related news, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total value of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. 1.66% of the stock is owned by company 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.