Bombardier, Inc. Class B (TSE:BBD.B) Given Consensus Rating of “Moderate Buy” by Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$113.08.

Several research firms have issued reports on BBD.B. Royal Bank of Canada dropped their price objective on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. CIBC dropped their price target on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$76.00 in a research note on Wednesday, January 15th. Citigroup dropped their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. Finally, National Bankshares cut their target price 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, February 7th.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction dated 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. 1.66% of the stock is currently owned by insiders.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$89.99 on Friday. Bombardier, Inc. Class B has a 1 year low of C$46.75 and a 1 year high of C$113.60. The stock’s 50-day simple moving average is C$91.42 and its 200-day simple moving average is C$94.81. The firm has a market cap of C$7.79 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 6.26 and a beta of 2.98.

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.