Bombardier, Inc. Class B (TSE:BBD.B) Given New C$116.00 Price Target at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by Royal Bank of Canada from C$130.00 to C$116.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. National Bank Financial raised their price target on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. BMO Capital Markets lifted their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Citigroup cut their price target on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. CIBC decreased their price objective on shares of Bombardier, Inc. Class B from C$127.00 to C$126.00 in a report on Thursday, January 30th. Finally, UBS Group upped their price objective on Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and a consensus target price of C$112.33.

Bombardier, Inc. Class B Stock Up 4.1 %

Bombardier, Inc. Class B stock opened at C$83.15 on Friday. Bombardier, Inc. Class B has a twelve month low of C$44.29 and a twelve month high of C$113.60. The company has a market capitalization of C$7.19 billion, a P/E ratio of 21.54, a PEG ratio of 6.26 and a beta of 2.98. The stock’s 50 day moving average is C$94.54 and its 200 day moving average is C$95.28.

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 business’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. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total transaction of C$521,650.00. Company 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.