Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been given a consensus recommendation of “Hold” by the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$3.19.
A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of Bombardier, Inc. Class B from an “overweight” rating to a “neutral” rating in a research note on Friday, September 13th. National Bank Financial cut their target price on Bombardier, Inc. Class B from C$4.15 to C$3.70 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Cowen decreased their price target on Bombardier, Inc. Class B from C$2.60 to C$2.20 in a research note on Wednesday, October 16th. Goldman Sachs Group lowered Bombardier, Inc. Class B from a “buy” rating to a “neutral” rating and decreased their price target for the company from C$3.75 to C$2.00 in a research note on Friday, August 16th. Finally, Raymond James set a C$2.50 price target on Bombardier, Inc. Class B and gave the company a “market perform” rating in a research report on Monday, November 4th.
BBD.B stock traded up C$0.05 on Tuesday, reaching C$1.98. The company’s stock had a trading volume of 5,170,554 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 52 week low of C$1.53 and a 52 week high of C$3.03. The company has a market capitalization of $4.09 billion and a P/E ratio of -396.00. The firm has a fifty day moving average of C$1.88 and a two-hundred day moving average of C$1.93.
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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