Bombardier, Inc. Class B (TSE:BBD.B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$114.00.

A number of brokerages have weighed in on BBD.B. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. National Bank Financial upped their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. CIBC lowered their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research note on Friday, November 1st. Finally, TD Securities decreased their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th.

Bombardier, Inc. Class B Trading Up 1.1 %

BBD.B stock opened at C$97.75 on Thursday. The firm has a market cap of C$8.46 billion, a PE ratio of 25.32, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The company has a fifty day simple moving average of C$100.40 and a 200 day simple moving average of C$94.86.

Insiders Place Their Bets

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. 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.