TD Securities Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective reduced by investment analysts at TD Securities from C$132.00 to C$130.00 in a research note issued to investors on Friday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 32.72% from the company’s previous close.

A number of other equities analysts have also commented on the company. National Bank Financial lifted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Barclays upped their price target on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. National Bankshares raised their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday. CIBC cut their target price on shares of Bombardier, Inc. Class B from C$134.00 to C$131.00 in a research note on Friday. Finally, 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 for the company. in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$114.33.

Bombardier, Inc. Class B Trading Down 1.0 %

TSE BBD.B opened at C$97.95 on Friday. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The company has a fifty day simple moving average of C$99.09 and a 200 day simple moving average of C$88.33. The company has a market cap of C$8.47 billion, a P/E ratio of 25.38, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. In related news, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction dated Thursday, August 15th. The shares were 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 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.