BMO Capital Markets Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by BMO Capital Markets from C$150.00 to C$185.00 in a research note released on Monday,BayStreet.CA reports.

Several other analysts have also recently weighed in on BBD.B. TD Securities raised their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Scotiabank upgraded Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd. National Bankshares boosted their target price on Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the company an “outperform” rating in a research note on Thursday, July 3rd. CIBC upped their price target on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a report on Monday. Finally, Royal Bank Of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$146.67.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B opened at C$165.70 on Monday. The firm has a market cap of C$14.33 billion, a P/E ratio of 42.93, a P/E/G ratio of 6.26 and a beta of 2.98. The stock has a 50 day simple moving average of C$115.42 and a two-hundred day simple moving average of C$96.16. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$169.68.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Paul Sislian sold 9,300 shares of the company’s stock in a transaction on 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 Jean-Christophe Gallagher sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total value of C$2,085,358.00. Insiders sold 124,838 shares of company stock valued at $12,420,520 over the last three months. 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.