Bombardier, Inc. Class B (TSE:BBD.B) Upgraded to “Buy” by UBS Group

UBS Group upgraded shares of Bombardier, Inc. Class B (TSE:BBD.BGet Rating) to a buy rating in a research report report published on Wednesday morning, MarketBeat.com reports. UBS Group currently has C$2.00 price target on the stock.

A number of other equities analysts have also commented on BBD.B. Vertical Research upgraded Bombardier, Inc. Class B from a hold rating to a buy rating and set a C$2.20 price objective on the stock in a research note on Friday, May 6th. CIBC raised Bombardier, Inc. Class B from an underperform rating to a neutral rating and lifted their target price for the stock from C$1.70 to C$1.80 in a research report on Friday, February 25th. BMO Capital Markets lifted their target price on Bombardier, Inc. Class B from C$2.75 to C$2.85 in a research report on Friday, February 11th. Finally, Scotiabank raised Bombardier, Inc. Class B from a sector perform rating to a buy rating and lifted their target price for the stock from C$2.00 to C$2.35 in a research report on Friday, February 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$2.43.

TSE BBD.B opened at C$1.14 on Wednesday. Bombardier, Inc. Class B has a fifty-two week low of C$0.90 and a fifty-two week high of C$2.28. The stock’s 50-day moving average is C$1.35 and its two-hundred day moving average is C$1.57. The firm has a market cap of C$2.70 billion and a P/E ratio of 0.44.

Bombardier, Inc. Class B Company Profile (Get Rating)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

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