TD Securities Lowers Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$128.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lowered by stock analysts at TD Securities from C$133.00 to C$128.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 49.25% from the stock’s previous close.

Several other analysts also recently issued reports on BBD.B. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday. Royal Bank of Canada raised their price target on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets decreased their price objective on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating for the company in a research report on Friday. National Bankshares raised their target price 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, Desjardins cut their price target on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$113.67.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B opened at C$85.76 on Friday. Bombardier, Inc. Class B has a 1-year low of C$69.90 and a 1-year high of C$113.60. The company has a market capitalization 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. The business has a 50-day moving average of C$83.67 and a 200-day moving average of C$92.04.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.