Royal Bank of Canada Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$130.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price dropped by equities researchers 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 suggests a potential upside of 39.69% from the company’s current price.

BBD.B has been the subject of several other reports. CIBC lowered their price target on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. National Bankshares raised their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. TD Securities decreased their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. National Bank Financial boosted their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, 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 report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$116.92.

Bombardier, Inc. Class B Trading Up 2.0 %

BBD.B traded up C$1.80 during trading on Wednesday, hitting C$93.06. 164,781 shares of the company’s stock were exchanged, compared to its average volume of 391,587. The stock has a 50 day moving average price of C$98.39 and a 200 day moving average price of C$95.21. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The firm has a market cap of C$8.05 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the company’s 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 value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’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 transaction of C$521,650.00. 1.66% of the stock is 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.