Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by equities researchers at Vertical Research from C$1.70 to C$1.80 in a report released on Friday, BayStreet.CA reports. Vertical Research’s price objective would suggest a potential upside of 9.09% from the company’s current price.
BBD.B has been the topic of several other reports. CIBC decreased their price target on shares of Bombardier, Inc. Class B from C$3.00 to C$2.25 in a research note on Friday, January 17th. Royal Bank of Canada lowered their price target on shares of Bombardier, Inc. Class B from C$3.00 to C$2.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Raymond James restated a “market perform” rating and issued a C$1.50 price objective on shares of Bombardier, Inc. Class B in a research report on Monday, January 20th. BMO Capital Markets reduced their price objective on Bombardier, Inc. Class B from C$4.00 to C$2.00 in a report on Friday, January 17th. Finally, National Bank Financial decreased their price objective on Bombardier, Inc. Class B from C$3.70 to C$3.60 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$2.38.
Shares of TSE BBD.B traded down C$0.02 during trading on Friday, reaching C$1.65. The company had a trading volume of 17,669,848 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 52 week low of C$1.10 and a 52 week high of C$3.03. The business’s 50 day moving average price is C$1.56 and its 200-day moving average price is C$1.76. The stock has a market cap of $3.34 billion and a PE ratio of -330.00.
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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