Bombardier, Inc. Class B (TSE:BBD.B) had its price target boosted by TD Securities from C$1.65 to C$1.70 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 3.03% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. Scotiabank reduced their target price on shares of Bombardier, Inc. Class B from C$2.25 to C$2.00 in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their target price 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 research report on Friday, January 17th. National Bank Financial dropped their price target on shares of Bombardier, Inc. Class B from C$3.70 to C$3.60 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Raymond James restated a “market perform” rating and set a C$1.50 price target on shares of Bombardier, Inc. Class B in a report on Monday, January 20th. Finally, BMO Capital Markets reduced their price objective on shares of Bombardier, Inc. Class B from C$4.00 to C$2.00 in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$2.38.
TSE:BBD.B traded down C$0.02 during mid-day trading on Friday, reaching C$1.65. The stock had a trading volume of 17,669,848 shares, compared to its average volume of 9,460,000. The stock has a market cap of $3.34 billion and a P/E ratio of -330.00. The business’s 50 day moving average is C$1.56 and its 200 day moving average is C$1.76. Bombardier, Inc. Class B has a fifty-two week low of C$1.10 and a fifty-two week high of C$3.03.
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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