Bombardier, Inc. Class B (TSE:BBD.B) PT Lowered to C$4.15

Bombardier, Inc. Class B (TSE:BBD.B) had its price target trimmed by National Bank Financial from C$4.85 to C$4.15 in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

BBD.B has been the topic of several other research reports. Royal Bank of Canada reduced their price target on shares of Bombardier, Inc. Class B from C$3.50 to C$3.00 and set an outperform rating on the stock in a report on Friday, April 26th. TD Securities cut their price objective on shares of Bombardier, Inc. Class B from C$5.00 to C$4.25 and set a speculative buy rating for the company in a research report on Friday, April 26th. CIBC cut their price objective on shares of Bombardier, Inc. Class B from C$4.00 to C$3.75 in a research report on Friday, May 3rd. Raymond James reissued a market perform rating and issued a C$3.50 price objective on shares of Bombardier, Inc. Class B in a research report on Wednesday, June 26th. Finally, BMO Capital Markets cut their price objective on shares of Bombardier, Inc. Class B from C$4.25 to C$4.00 in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of C$4.11.

Shares of TSE BBD.B traded down C$0.06 on Friday, hitting C$1.85. The company’s stock had a trading volume of 11,065,346 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 12-month low of C$1.59 and a 12-month high of C$5.18. The stock has a market cap of $3.82 billion and a P/E ratio of 11.78. The company has a 50 day simple moving average of C$2.18.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and provides aftermarket support for Learjet, Challenger, and Global business jets.

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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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