Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$142.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price target reduced by Desjardins from C$145.00 to C$142.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. CIBC reduced their price target on Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating for the company in a report on Friday. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a research note on Friday, November 1st. TD Securities dropped their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. National Bankshares reduced their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Royal Bank of Canada lowered their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$112.33.

Bombardier, Inc. Class B Trading Up 4.1 %

Shares of TSE:BBD.B opened at C$83.15 on Friday. The business has a fifty day simple moving average of C$94.54 and a 200 day simple moving average of C$95.28. 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$7.19 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In related 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 business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Company 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.