JPMorgan Chase & Co. Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by equities researchers at JPMorgan Chase & Co. from C$110.00 to C$100.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 11.69% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Citigroup decreased their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. TD Securities cut their target price on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a report on Wednesday, January 15th. Desjardins cut their price objective on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$113.08.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B traded down C$0.47 during mid-day trading on Thursday, hitting C$89.53. The company’s stock had a trading volume of 300,744 shares, compared to its average volume of 602,818. Bombardier, Inc. Class B has a fifty-two week low of C$46.75 and a fifty-two week high of C$113.60. The stock has a market capitalization of C$7.75 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 6.26 and a beta of 2.98. The firm has a 50-day moving average price of C$91.71 and a 200 day moving average price of C$94.86.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction dated 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 company’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 value of C$521,650.00. Corporate insiders own 1.66% of the company’s stock.

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.