Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Recommendation of “Moderate Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$256.50.

A number of research analysts have weighed in on BBD.B shares. Canadian Imperial Bank of Commerce dropped their target price on shares of Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday, February 13th. BMO Capital Markets lifted their price target on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. The Goldman Sachs Group downgraded Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their target price for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th. Finally, National Bank Financial lowered their target price on Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th.

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Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B opened at C$263.66 on Tuesday. The company has a market capitalization of C$26.10 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42. The company’s 50-day moving average is C$246.89 and its 200 day moving average is C$211.09. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$282.00.

About Bombardier, Inc. Class B

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

Further Reading

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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