Bombardier, Inc. Class B (TSE:BBD.B) Lowered to “Sell” Rating by The Goldman Sachs Group

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$191.00 price target on the stock, up from their prior price target of C$184.00. The Goldman Sachs Group’s target price would suggest a potential downside of 19.45% from the company’s current price.

A number of other research firms have also recently issued reports on BBD.B. TD Securities raised their price objective on Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the company a “hold” rating in a research report on Monday, January 19th. Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$230.00 to C$295.00 in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a report on Monday, January 12th. National Bankshares increased their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. Finally, BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$250.83.

Bombardier, Inc. Class B Trading Down 10.8%

Shares of TSE:BBD.B traded down C$28.58 during trading on Monday, hitting C$237.11. 647,592 shares of the company’s stock traded hands, compared to its average volume of 365,282. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$276.18. The company has a 50-day moving average price of C$235.89 and a 200-day moving average price of C$198.22. The company has a market cap of C$23.52 billion, a price-to-earnings ratio of 64.26, a price-to-earnings-growth ratio of 6.26 and a beta of 1.64.

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.