Bombardier, Inc. Class B (TSE:BBD.B) Rating Increased to Sector Outperform at Scotiabank

Scotiabank upgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a sector perform rating to a sector outperform rating in a research note released on Friday,BayStreet.CA reports. Scotiabank currently has C$305.00 price target on the stock, up from their previous price target of C$295.00.

Other equities analysts also recently issued research reports about the company. TD Securities raised their price target on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce raised their price target on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday. Desjardins raised their price target on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. National Bank Financial downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 16th. Finally, UBS Group raised their price target on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$278.08.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock traded down C$2.81 during mid-day trading on Friday, hitting C$285.83. 462,588 shares of the company were exchanged, compared to its average volume of 370,019. The business’s 50 day simple moving average is C$254.31 and its two-hundred day simple moving average is C$237.17. The company has a market capitalization of C$28.30 billion, a P/E ratio of 31.94, a PEG ratio of 6.26 and a beta of 1.80. Bombardier, Inc. Class B has a 12-month low of C$81.02 and a 12-month high of C$297.42.

Bombardier, Inc. Class B News Roundup

Here are the key news stories impacting Bombardier, Inc. Class B this week:

• Positive Sentiment: CIBC raised its target to C$295 (from C$288), implying ~3.3% upside versus the current level. BayStreet.CA
• Positive Sentiment: UBS boosted its target to C$315 (from C$253), a sizeable raise implying ~10.3% upside. BayStreet.CA
• Positive Sentiment: BMO Capital Markets raised its target to C$320 (from C$300), implying ~12.0% upside. BayStreet.CA
• Positive Sentiment: Scotiabank upgraded Bombardier from “sector perform” to “sector outperform” and lifted its target to C$305 (from C$295), ~6.8% upside. BayStreet.CA Tickerreport
• Positive Sentiment: RBC raised its target to C$332 (from C$298) and rates Bombardier “outperform,” implying ~16.2% upside. BayStreet.CA
• Positive Sentiment: Desjardins raised its target to C$324 (from C$304) and maintains a “buy,” implying ~13.4% upside. BayStreet.CA
• Neutral Sentiment: National Bank Financial raised its target to C$296 (from C$286) and keeps a “sector perform” rating, ~3.6% upside. BayStreet.CA
• Negative Sentiment: TD lifted its target to C$284 (from C$275) but retains a “hold” rating; the target is marginally below the current price (~0.6% downside), which is the only item signaling limited upside. BayStreet.CA

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.