Bombardier, Inc. Class B (TSE:BBD.B) Upgraded to Neutral at UBS Group

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a C$95.00 price objective on the stock, up from their prior price objective of C$77.00. UBS Group’s price target suggests a potential upside of 1.46% from the stock’s current price.

BBD.B has been the topic of a number of other research reports. Desjardins decreased their price target on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Royal Bank of Canada lowered their price target on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. TD Securities cut their price objective on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. BMO Capital Markets increased their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Finally, Citigroup dropped their target price on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$114.67.

Bombardier, Inc. Class B Trading Up 5.7 %

Shares of TSE BBD.B traded up C$5.05 during midday trading on Monday, hitting C$93.63. 584,895 shares of the company’s stock were exchanged, compared to its average volume of 614,218. The business’s fifty day moving average price is C$91.13 and its two-hundred day moving average price is C$94.76. The company has a market cap of C$8.10 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$46.75 and a 12-month high of C$113.60.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were 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 the firm’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. 1.66% of the stock is currently owned by corporate 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.