Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$179.00.

A number of brokerages have weighed in on BBD.B. Desjardins boosted their target price on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a “buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research note on Friday, August 8th. CIBC boosted their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday, July 21st. National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, UBS Group boosted their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st.

Bombardier, Inc. Class B Trading Up 0.2%

Shares of BBD.B opened at C$160.56 on Tuesday. The firm has a market cap of C$15.93 billion, a PE ratio of 36.91, a P/E/G ratio of 6.26 and a beta of 1.86. The firm has a fifty day simple moving average of C$156.42 and a two-hundred day simple moving average of C$112.39. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$172.67.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, 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. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total transaction of C$430,000.00. In the last 90 days, insiders sold 70,178 shares of company stock worth $7,317,837. 1.66% of the stock is currently owned by insiders.

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.