Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by JPMorgan Chase & Co. from C$100.00 to C$135.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential downside of 17.28% from the company’s previous close.

BBD.B has been the topic of several other reports. Royal Bank Of Canada lifted their target price on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. TD Securities lifted their target price on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. CIBC lifted their target price on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Desjardins lifted their target price on Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Finally, National Bankshares lifted their target price on Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$133.00.

Bombardier, Inc. Class B Stock Down 0.2%

TSE:BBD.B opened at C$163.21 on Wednesday. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$165.47. The firm has a market capitalization of C$14.12 billion, a P/E ratio of 42.28, a P/E/G ratio of 6.26 and a beta of 2.98. The stock’s fifty day simple moving average is C$113.84 and its 200-day simple moving average is C$95.71.

Insider Buying and Selling

In other news, Senior Officer Paul Sislian sold 9,300 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total value of C$979,066.80. Also, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$99.26, for a total value of C$397,032.40. Over the last quarter, insiders sold 124,838 shares of company stock valued at $12,420,520. 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.