National Bankshares Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$92.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective dropped by equities researchers at National Bankshares from C$95.00 to C$92.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 44.52% from the company’s current price.

BBD.B has been the subject of a number of other research reports. TD Securities upped their target price on Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada set a C$95.00 price target on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Thursday, April 4th. Scotiabank cut their price target on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th. CIBC upped their price target on Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, UBS Group upped their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$82.00.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B traded up C$1.92 during trading hours on Friday, hitting C$63.66. The stock had a trading volume of 433,979 shares, compared to its average volume of 435,897. The company has a market capitalization of C$5.43 billion, a P/E ratio of 9.96, a P/E/G ratio of -0.13 and a beta of 2.96. The firm’s 50-day moving average price is C$54.96 and its two-hundred day moving average price is C$51.54. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$68.79.

Insider Activity at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction 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 corporate insiders.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.