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

Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$82.00.

A number of analysts have weighed in on the company. Royal Bank of Canada set a C$95.00 price objective on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research report on Thursday, April 4th. National Bankshares decreased their price objective on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research report on Friday. CIBC increased their price objective on Bombardier, Inc. Class B from C$61.00 to C$67.00 and gave the stock a “neutral” rating in a research report on Friday. Desjardins increased their target price on Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank cut their target price on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 10th.

Bombardier, Inc. Class B Trading Up 3.3 %

Bombardier, Inc. Class B stock opened at C$63.79 on Friday. Bombardier, Inc. Class B has a twelve month low of C$39.87 and a twelve month high of C$68.79. The stock has a 50 day moving average of C$55.20 and a two-hundred day moving average of C$51.61. The stock has a market capitalization of C$5.44 billion, a price-to-earnings ratio of 9.98, a PEG ratio of -0.13 and a beta of 2.96.

Insider Activity at Bombardier, Inc. Class B

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently 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.