Desjardins Has Lowered Expectations for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by stock analysts at Desjardins from C$142.00 to C$140.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 63.25% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday. Citigroup lowered their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research note on Monday, February 3rd. CIBC raised their price target 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 note on Friday. National Bankshares upped their price objective on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Finally, TD Securities cut their target price on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$113.67.

Bombardier, Inc. Class B Trading Up 3.9 %

Shares of TSE:BBD.B opened at C$85.76 on Friday. The firm has a market capitalization of C$7.42 billion, a PE ratio of 22.22, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1-year low of C$69.90 and a 1-year high of C$113.60. The business’s 50 day moving average is C$83.67 and its 200-day moving average is 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.