Bombardier, Inc. Class B (TSE:BBD.B) Cut to Sector Perform at Scotiabank

Scotiabank downgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from an outperform rating to a sector perform rating in a report issued on Wednesday,BayStreet.CA reports. Scotiabank currently has C$295.00 price objective on the stock, up from their prior price objective of C$230.00.

Several other research firms have also issued reports on BBD.B. Raymond James Financial boosted their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. National Bankshares lifted their price objective on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research note on Tuesday, December 2nd. CIBC downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$230.00 to C$290.00 in a research note on Wednesday. TD Securities increased their target price on shares of Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the stock a “hold” rating in a report on Monday, January 19th. Finally, Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$256.27.

Bombardier, Inc. Class B Stock Down 0.4%

Shares of Bombardier, Inc. Class B stock opened at C$265.69 on Wednesday. The business has a fifty day simple moving average of C$235.89 and a 200 day simple moving average of C$197.63. The stock has a market cap of C$26.35 billion, a PE ratio of 72.00, a price-to-earnings-growth ratio of 6.26 and a beta of 1.64. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$276.18.

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.