Royal Bank of Canada Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by investment analysts at Royal Bank of Canada from C$133.00 to C$130.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 39.69% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a report on Friday, November 1st. National Bank Financial increased their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. BMO Capital Markets boosted their target price on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th. TD Securities reduced their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Finally, National Bankshares boosted their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$116.92.

Bombardier, Inc. Class B Stock Up 2.0 %

BBD.B stock traded up C$1.80 during mid-day trading on Wednesday, hitting C$93.06. 164,781 shares of the company were exchanged, compared to its average volume of 391,587. The business has a fifty day simple moving average of C$98.39 and a 200-day simple moving average of C$95.21. The firm has a market capitalization of C$8.05 billion, a P/E ratio of 24.11, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$44.29 and a 12-month high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction 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 business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. 1.66% of the stock is currently owned by corporate 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.