Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, UBS Group Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by UBS Group from C$128.00 to C$173.00 in a research report issued on Friday,BayStreet.CA reports. UBS Group’s target price suggests a potential upside of 5.57% from the stock’s previous close.

Several other equities analysts have also recently commented on BBD.B. JPMorgan Chase & Co. raised 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. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$105.00 to C$150.00 in a research report on Wednesday, July 2nd. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. Desjardins raised their target price on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Finally, CIBC raised their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$175.82.

Bombardier, Inc. Class B Stock Up 1.4%

Shares of BBD.B stock opened at C$163.87 on Friday. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$169.68. The stock has a market capitalization of C$14.18 billion, a PE ratio of 42.45, a P/E/G ratio of 6.26 and a beta of 2.98. The firm has a 50 day moving average of C$129.66 and a two-hundred day moving average of C$100.78.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Director Eric Martel sold 34,678 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of C$107.50, for a total transaction of C$430,000.00. Insiders have sold 124,838 shares of company stock valued at $12,420,520 in the last quarter. Company 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.