Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$76.00 at UBS Group

Bombardier, Inc. Class B (TSE:BBD.B) had its price target raised by analysts at UBS Group from C$70.00 to C$76.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. UBS Group’s price target indicates a potential downside of 18.15% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada lowered their price target on Bombardier, Inc. Class B from C$133.00 to C$130.00 in a report on Wednesday. National Bank Financial raised 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. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday, November 1st. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$116.92.

Bombardier, Inc. Class B Stock Down 0.2 %

Shares of TSE:BBD.B traded down C$0.19 on Wednesday, hitting C$92.85. 92,406 shares of the company traded hands, compared to its average volume of 376,671. The company has a market cap of C$8.03 billion, a PE ratio of 24.05, a PEG ratio of 6.26 and a beta of 2.98. The stock has a 50 day simple moving average of C$98.21 and a 200-day simple moving average of C$95.25. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. 1.66% of the stock is currently owned by company 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.