Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$99.00 at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by equities researchers at Royal Bank of Canada from C$95.00 to C$99.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 42.30% from the stock’s previous close.

Several other brokerages have also recently weighed in on BBD.B. National Bankshares decreased their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Desjardins raised their price target on shares of Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a “buy” rating in a report on Friday, April 26th. CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the company a “neutral” rating in a report on Friday, April 26th. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research report on Tuesday, April 2nd. Finally, TD Securities raised their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock traded up C$2.22 during trading on Thursday, hitting C$69.57. The company’s stock had a trading volume of 604,242 shares, compared to its average volume of 445,362. The stock has a market cap of C$5.94 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$70.00. The stock has a 50-day moving average price of C$56.14 and a two-hundred day moving average price of C$52.09.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. Company insiders own 1.66% of the company’s stock.

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.