Bombardier, Inc. Class B (TSE:BBD.B) Given New C$142.00 Price Target 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 note published on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on BBD.B. National Bankshares decreased their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities decreased their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Scotiabank downgraded 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 report on Friday, November 1st. CIBC decreased their target price on Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Citigroup cut their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$112.33.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$83.15 on Friday. The firm has a market cap of C$7.19 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 6.26 and a beta of 2.98. The firm’s 50-day simple moving average is C$94.54 and its 200-day simple moving average is C$95.28. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60.

Insider Activity

In related news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B 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. Also, 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 transaction of C$1,990,650.43. Insiders own 1.66% of the company’s stock.

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.