National Bankshares Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target decreased by National Bankshares from C$134.00 to C$103.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 24.07% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. TD Securities lowered their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank lowered 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 research note on Friday, November 1st. UBS Group increased their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Citigroup cut their price objective on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$112.33.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B traded up C$3.16 during trading hours on Friday, hitting C$83.02. The company had a trading volume of 564,139 shares, compared to its average volume of 604,463. Bombardier, Inc. Class B has a 1-year low of C$44.29 and a 1-year high of C$113.60. The company has a market cap of C$7.18 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The business has a 50 day moving average of C$94.74 and a 200-day moving average of C$95.31.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction 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. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is currently owned by insiders.

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.