Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Rating of “Hold” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$281.77.

Several equities research analysts have weighed in on the stock. Scotiabank upgraded shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from C$295.00 to C$305.00 in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce boosted their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday, May 1st. TD boosted their price objective on Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a research report on Monday, June 8th. National Bank Financial raised their price target on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised their price target on shares of Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock opened at C$325.42 on Monday. Bombardier, Inc. Class B has a 12-month low of C$113.75 and a 12-month high of C$329.16. The company has a market capitalization of C$32.10 billion, a P/E ratio of 36.04, a P/E/G ratio of 6.26 and a beta of 1.99. The firm has a 50-day moving average price of C$288.90 and a 200 day moving average price of C$262.50.

About Bombardier, Inc. Class B

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