Bombardier, Inc. Class B (TSE:BBD.B) Given New C$190.00 Price Target at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by BMO Capital Markets from C$185.00 to C$190.00 in a report released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on BBD.B. Desjardins increased their target price on Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada raised their price objective on Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the company an “outperform” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a report on Friday, August 8th. UBS Group raised their price objective on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday, August 1st. Finally, TD Securities raised their price objective on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$179.45.

Bombardier, Inc. Class B Trading Up 0.6%

Shares of TSE:BBD.B opened at C$159.22 on Thursday. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$172.67. The company’s 50 day moving average is C$161.57 and its 200 day moving average is C$115.79. The company has a market cap of C$15.79 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07.

Insider Activity

In other news, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$104.91, for a total value of C$3,638,204.22. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total value of C$430,000.00. 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.