Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Lowered by Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a C$295.00 price objective on the stock, up from their prior price objective of C$230.00. Scotiabank’s price objective would indicate a potential upside of 10.60% from the company’s current price.

Other research analysts have also issued reports about the company. Desjardins raised their price target on Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the company a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research note on Tuesday, December 2nd. Royal Bank Of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Finally, CIBC cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$230.00 to C$290.00 in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$256.27.

Bombardier, Inc. Class B Price Performance

BBD.B opened at C$266.73 on Wednesday. The stock’s 50 day moving average price is C$234.91 and its 200 day moving average price is C$196.85. The stock has a market cap of C$26.46 billion, a P/E ratio of 72.28, a P/E/G ratio of 6.26 and a beta of 1.64. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$276.18.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.