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

Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$111.50.

Several equities research analysts recently weighed in on BBD.B shares. National Bankshares lifted their price target on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Barclays boosted their target price on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the stock an “outperform” rating in a report on Tuesday, July 2nd. CIBC boosted their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Finally, Citigroup boosted their target price on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total value of C$366,280.00. Company insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$113.60. The company has a market capitalization of C$9.17 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 6.26 and a beta of 2.98. The company’s fifty day moving average price is C$94.23 and its 200 day moving average price is C$84.17.

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.