Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$140.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective reduced by Desjardins from C$142.00 to C$140.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

BBD.B has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. TD Securities decreased their price objective on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada increased their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday. CIBC lifted their target price on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets dropped their price target on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$113.67.

Bombardier, Inc. Class B Stock Up 3.9 %

Shares of BBD.B stock opened at C$85.76 on Friday. The firm has a market cap of C$7.42 billion, a P/E ratio of 22.22, a PEG ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average of C$83.67 and a 200-day moving average of C$92.04. Bombardier, Inc. Class B has a 12-month low of C$69.90 and a 12-month high of C$113.60.

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.