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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$114.67.

Several equities analysts recently commented on BBD.B shares. Desjardins cut their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. UBS Group raised shares of Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and boosted their price target for the company from C$77.00 to C$95.00 in a report on Monday, February 24th. Royal Bank of Canada lowered their price target on shares of Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Finally, National Bankshares lowered their price target on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B opened at C$81.11 on Tuesday. The stock has a market cap of C$7.02 billion, a P/E ratio of 21.01, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a one year low of C$52.04 and a one year high of C$113.60. The company has a fifty day moving average price of C$88.67 and a 200 day moving average price of C$94.23.

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.