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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$256.50.

Several research analysts have weighed in on BBD.B shares. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group lowered Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their target price for the company from C$184.00 to C$191.00 in a research report on Monday, January 26th. Royal Bank Of Canada lifted their target price on Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Bombardier, Inc. Class B from C$290.00 to C$288.00 in a report on Friday, February 13th.

Bombardier, Inc. Class B Stock Up 4.4%

BBD.B stock opened at C$246.47 on Friday. The firm has a market cap of C$24.40 billion, a PE ratio of 27.54, a P/E/G ratio of 6.26 and a beta of 1.70. The business has a 50 day moving average of C$254.52 and a 200-day moving average of C$224.85. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$283.99.

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.