Bombardier, Inc. Class B (TSE:BBD.B) had its target price lowered by stock analysts at National Bank Financial from C$2.40 to C$2.15 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 30.30% from the company’s previous close.
Several other research analysts also recently weighed in on BBD.B. Raymond James reiterated a “market perform” rating and issued a C$1.50 price target on shares of Bombardier, Inc. Class B in a report on Monday, January 20th. Royal Bank of Canada reduced their price target on Bombardier, Inc. Class B from C$3.00 to C$2.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Vertical Research raised their price objective on Bombardier, Inc. Class B from C$1.70 to C$1.80 in a report on Friday. Citigroup lowered their price objective on Bombardier, Inc. Class B from C$2.70 to C$2.10 in a research report on Friday, January 17th. Finally, CIBC dropped their target price on Bombardier, Inc. Class B from C$2.25 to C$2.00 in a research note on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bombardier, Inc. Class B currently has an average rating of “Hold” and an average price target of C$2.38.
TSE BBD.B traded down C$0.02 during mid-day trading on Friday, reaching C$1.65. 17,669,848 shares of the stock were exchanged, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 1-year low of C$1.10 and a 1-year high of C$3.03. The business’s fifty day simple moving average is C$1.56 and its 200 day simple moving average is C$1.76. The stock has a market capitalization of $3.34 billion and a PE ratio of -330.00.
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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