BMO Capital Markets Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective cut by investment analysts at BMO Capital Markets from C$135.00 to C$130.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 51.59% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a report on Friday. CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. cut their price target on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Desjardins reduced their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Citigroup dropped their price objective on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus target price of C$113.67.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$85.76 on Friday. The company has a market cap of C$7.42 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a fifty-two week low of C$69.90 and a fifty-two week high of C$113.60. The stock has a fifty day moving average price of C$83.67 and a 200-day moving average price of C$92.04.

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.