Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by investment analysts at National Bank Financial from C$3.70 to C$3.60 in a research report issued on Thursday, BayStreet.CA reports. National Bank Financial’s price target points to a potential upside of 186.85% from the company’s previous close.
A number of other equities analysts have also recently commented on BBD.B. Raymond James set a C$2.50 price target on Bombardier, Inc. Class B and gave the stock a “market perform” rating in a research note on Monday, November 4th. CIBC decreased their price target on Bombardier, Inc. Class B from C$3.25 to C$3.00 in a research note on Friday, November 1st. TD Securities decreased their price target on Bombardier, Inc. Class B from C$3.50 to C$3.25 and set a “speculative buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Cowen decreased their price target on Bombardier, Inc. Class B from C$2.60 to C$2.20 in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$3.18.
Bombardier, Inc. Class B stock traded down C$0.54 during trading hours on Thursday, reaching C$1.26. The company had a trading volume of 50,684,861 shares, compared to its average volume of 9,460,000. The company has a 50-day moving average price of C$1.92 and a 200 day moving average price of C$1.88. The firm has a market cap of $3.70 billion and a price-to-earnings ratio of -251.00. Bombardier, Inc. Class B has a 12-month low of C$1.53 and a 12-month high of C$3.03.
About Bombardier, Inc. Class B
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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