Bombardier, Inc. Class B (TSE:BBD.B – Free Report) had its price objective cut by Scotiabank from C$380.00 to C$370.00 in a research note issued to investors on Thursday morning,BayStreet reports. They currently have a sector outperform rating on the stock.
Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus set a C$390.00 price target on Bombardier, Inc. Class B and gave the company a “buy” rating in a research report on Tuesday, September 8th. BMO Capital Markets increased their price objective on Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on Bombardier, Inc. Class B from C$295.00 to C$350.00 in a report on Monday, August 31st. National Bank Financial set a C$379.00 target price on Bombardier, Inc. Class B and gave the stock a “sector perform” rating in a research note on Tuesday, September 8th. Finally, TD raised their target price on Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$330.62.
Read Our Latest Report on BBD.B
Bombardier, Inc. Class B Price Performance
TSE:BBD.B opened at C$308.00 on Thursday. The company has a market cap of C$57.30 billion, a P/E ratio of 34.26, a P/E/G ratio of 6.26 and a beta of 1.47. The stock’s fifty day moving average price is C$315.60 and its two-hundred day moving average price is C$306.35. Bombardier, Inc. Class B has a 1 year low of C$186.72 and a 1 year high of C$377.77.
About Bombardier, Inc. Class B
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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