TD Securities Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by investment analysts at TD Securities from C$278.00 to C$276.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 13.18% from the company’s previous close.

BBD.B has been the subject of a number of other reports. Raymond James Financial increased their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Desjardins set a C$260.00 price objective on Bombardier, Inc. Class B and gave the company a “buy” rating in a report on Friday, January 30th. CIBC lowered Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$230.00 to C$290.00 in a report on Wednesday, January 21st. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$250.67.

Bombardier, Inc. Class B Trading Up 0.9%

Shares of TSE:BBD.B opened at C$243.87 on Tuesday. The company has a 50 day moving average of C$239.67 and a 200-day moving average of C$202.46. The firm has a market cap of C$24.19 billion, a P/E ratio of 66.09, a P/E/G ratio of 6.26 and a beta of 1.42. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve 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.