Bombardier, Inc. Class B (TSE:BBD.B) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$114.33.

BBD.B has been the subject of several recent analyst reports. TD Securities decreased their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a report on Friday, November 1st. CIBC reduced their price target on shares of Bombardier, Inc. Class B from C$134.00 to C$131.00 in a report on Friday, November 8th. National Bankshares increased their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a report on Friday, November 8th. Finally, National Bank Financial increased their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th.

Bombardier, Inc. Class B Price Performance

The company has a market capitalization of C$8.37 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$44.29 and a 1 year high of C$113.60. The business has a 50 day simple moving average of C$100.93 and a 200 day simple moving average of C$91.33.

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.