National Bank Financial Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price reduced by investment analysts at National Bank Financial from C$290.00 to C$286.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 17.92% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$230.00 to C$295.00 in a report on Wednesday, January 21st. Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday. Raymond James Financial lifted their price objective on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Canadian Imperial Bank of Commerce reduced their target price on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a report on Friday. Finally, BMO Capital Markets lifted 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 report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$256.50.

Bombardier, Inc. Class B Stock Down 0.5%

Shares of Bombardier, Inc. Class B stock opened at C$242.54 on Friday. The business has a fifty day simple moving average of C$241.89 and a 200-day simple moving average of C$206.59. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$276.18. The firm has a market cap of C$24.06 billion, a price-to-earnings ratio of 65.73, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42.

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.