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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$3.34.

Several equities research analysts recently commented on BBD.B shares. TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$3.75 to C$4.00 and gave the company a “speculative buy” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. cut shares of Bombardier, Inc. Class B from an “overweight” rating to a “neutral” rating in a research report on Friday, September 13th. National Bank Financial cut their price objective on shares of Bombardier, Inc. Class B from C$4.15 to C$3.70 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Goldman Sachs Group cut shares of Bombardier, Inc. Class B from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$3.75 to C$2.00 in a research report on Friday, August 16th. Finally, Desjardins cut their price objective on shares of Bombardier, Inc. Class B from C$4.50 to C$4.00 in a research report on Friday, August 2nd.

Shares of TSE BBD.B traded up C$0.03 during midday trading on Friday, reaching C$2.02. 5,766,018 shares of the stock were exchanged, compared to its average volume of 9,460,000. The business has a 50-day simple moving average of C$1.69 and a two-hundred day simple moving average of C$1.97. The company has a market capitalization of $4.17 billion and a price-to-earnings ratio of 22.44. Bombardier, Inc. Class B has a 12 month low of C$1.53 and a 12 month high of C$3.32.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and provides aftermarket support for Learjet, Challenger, and Global business jets.

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

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