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

Bombardier, Inc. Class B (TSE:BBD.B) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$298.83.

Several research firms recently weighed in on BBD.B. TD lifted their target price on shares of Bombardier, Inc. Class B from C$292.00 to C$306.00 and gave the company a “hold” rating in a report on Tuesday. BMO Capital Markets increased their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday, May 1st. Canadian Imperial Bank of Commerce raised their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, National Bank Financial increased their target price on Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the company a “sector outperform” rating in a research note on Wednesday, July 8th.

Bombardier, Inc. Class B Stock Down 7.9%

BBD.B opened at C$330.01 on Friday. Bombardier, Inc. Class B has a 52-week low of C$147.61 and a 52-week high of C$377.77. The company has a 50 day moving average of C$324.71 and a two-hundred day moving average of C$280.90. The company has a market cap of C$32.56 billion, a P/E ratio of 36.55, a P/E/G ratio of 6.26 and a beta of 1.93.

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.