National Bank Financial Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$128.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by National Bank Financial to C$128.00 in a report issued on Thursday, Stock Target Advisor reports. They currently have an outperform rating on the stock.

BBD.B has been the topic of several other reports. Scotiabank increased their target price on shares of Bombardier, Inc. Class B from C$100.00 to C$120.00 in a research report on Thursday, July 18th. Citigroup increased their price target on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a buy rating in a report on Tuesday, July 2nd. Barclays upped their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a report on Tuesday, July 30th. National Bankshares lifted their target price on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an outperform rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada upped their price target on shares of Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the company an outperform rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$111.50.

Bombardier, Inc. Class B Stock Down 0.3 %

TSE BBD.B opened at C$110.10 on Thursday. The company has a 50 day moving average price of C$92.71 and a two-hundred day moving average price of C$82.73. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$111.86. The stock has a market capitalization of C$9.52 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. In other news, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total value of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. 1.66% of the stock is owned by company 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.