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

Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$114.67.

Several research analysts recently weighed in on BBD.B shares. National Bankshares dropped their price objective on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada dropped their target price on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. CIBC decreased their price target on Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. UBS Group raised Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from C$77.00 to C$95.00 in a report on Monday, February 24th. Finally, BMO Capital Markets raised their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research note on Tuesday, January 7th.

Bombardier, Inc. Class B Trading Down 9.8 %

BBD.B opened at C$76.10 on Friday. Bombardier, Inc. Class B has a 1-year low of C$54.04 and a 1-year high of C$113.60. The stock has a market capitalization of C$6.58 billion, a PE ratio of 19.72, a PEG ratio of 6.26 and a beta of 2.98. The firm has a 50-day moving average price of C$84.10 and a two-hundred day moving average price of C$93.48.

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.