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Bombardier, Inc. Class B (TSE:BBD.B) PT increased to C$143.00

Bombardier, Inc. Class B (TSE:BBD.B – Get a Free Report) The price target was raised by equity research analysts at Desjardins from C$102.00 to C$143.00 in a report released Thursday, BayStreet.CA reported. The brokerage currently has a buy rating on the stock. Desjardins’ price target would indicate a potential upside of 60.96% from the current share price.

BBD.B has been the subject of several other investigative reports. Scotiabank raised its price target for Bombardier, Inc. Class B from C$90.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23. National Bankshares lowered their price target for Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research note on Friday, April 26. Royal Bank of Canada raised its price target on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2. BMO Capital Markets raised its price target on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the company an “outperform” rating in a research report on Monday. Finally, UBS Group updated its price target on shares of Bombardier, Inc. in a research note on Tuesday, April 2. Class B increased from C$41.00 to C$44.00. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bombardier, Inc. Class B a consensus rating of ‘Moderate Buy’ and an average price target of €99.70.

Read our latest stock analysis on BBD.B

Bombardier, Inc. Class B drops by 1.9%

TSE BBD.B traded €1.76 lower on Thursday, reaching €88.84. The stock traded 211,683 shares, compared to its average volume of 480,990. The stock has a 50-day moving average of $70.11 and a 200-day moving average of $58.12. Bombardier, Inc. Class B has a 12-month low of C$39.87 and a 12-month high of C$94.24. The company has a market capitalization of C$7.58 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of -0.13, and a beta of 2.99.

Insiders place their bets

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction on Wednesday, March 20. The shares sold at an average price of C$59.00, for a total value of C$767,039.00. In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares sold at an average price of C$59.00, for a total value of C$767,039.00. Also, Senior Officer Daniel Brennan sold 28,038 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares sold at an average price of C$70.00, for a total value of C$1,962,660.00. Corporate insiders own 1.66% of the company’s shares.

About Bombardier, Inc. Class B

(Get a free report)

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

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Analyst recommendations for Bombardier, Inc.  Class B (TSE:BBD.B)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

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