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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$114.42.

A number of analysts have commented on BBD.B shares. National Bankshares raised their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. TD Securities reduced their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. CIBC boosted their price target on shares of Bombardier, Inc. Class B from C$131.00 to C$132.00 in a report on Wednesday. Scotiabank downgraded 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 report on Friday, November 1st. Finally, National Bank Financial upped their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$107.04 on Friday. Bombardier, Inc. Class B has a 52 week low of C$44.29 and a 52 week high of C$113.60. The firm has a market capitalization of C$9.26 billion, a P/E ratio of 27.73, a P/E/G ratio of 6.26 and a beta of 2.98. The company has a 50-day simple moving average of C$102.00 and a 200-day simple moving average of C$92.49.

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.