Bombardier, Inc. Class B (TSE:BBD.B) Rating Lowered to “Hold” at TD Securities

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$173.00 price objective on the stock, up from their previous price objective of C$151.00. TD Securities’ price objective indicates a potential upside of 6.98% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada upped their price objective 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 report on Friday, May 2nd. UBS Group upped their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$148.50.

Bombardier, Inc. Class B Stock Up 1.3%

TSE BBD.B opened at C$161.72 on Tuesday. The company has a market capitalization of C$13.99 billion, a P/E ratio of 41.90, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$169.68. The firm has a 50-day moving average price of C$118.31 and a two-hundred day moving average price of C$97.06.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Paul Sislian sold 9,300 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Insiders sold 124,838 shares of company stock valued at $12,420,520 over the last quarter. Company insiders own 1.66% of the company’s stock.

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.