Bombardier, Inc. Class B (TSE:BBD.B) Lowered to Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Bombardier, Inc. Class B (TSE:BBD.B) from a neutral rating to a sell rating in a report issued on Monday,BayStreet.CA reports. The firm currently has C$191.00 price objective on the stock, up from their previous price objective of C$184.00.

Several other research analysts have also recently weighed in on the stock. TD Securities boosted their price target 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. Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. BMO Capital Markets increased their price target on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. CIBC lowered Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from C$230.00 to C$290.00 in a report on Wednesday, January 21st. Finally, National Bankshares upped their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research note on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Hold” and a consensus target price of C$250.83.

Bombardier, Inc. Class B Trading Down 9.3%

Shares of TSE:BBD.B opened at C$240.88 on Monday. The stock has a market cap of C$23.89 billion, a PE ratio of 65.28, a price-to-earnings-growth ratio of 6.26 and a beta of 1.64. The stock’s fifty day simple moving average is C$236.52 and its two-hundred day simple moving average is C$198.78. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$276.18.

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.