Bombardier, Inc. Class B (TSE:BBD.B) Downgraded by National Bank Financial to Sector Perform

National Bank Financial cut shares of Bombardier, Inc. Class B (TSE:BBD.B) from an outperform rating to a sector perform rating in a research note released on Thursday morning,BayStreet.CA reports.

BBD.B has been the subject of a number of other research reports. The Goldman Sachs Group cut shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their price target for the stock from C$184.00 to C$191.00 in a report on Monday, January 26th. BMO Capital Markets raised their price target on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Desjardins raised their price target on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 13th. TD Securities raised their price target on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada raised their price target on shares of Bombardier, Inc. Class B from C$287.00 to C$298.00 in a report on Monday. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$257.42.

Bombardier, Inc. Class B Trading Down 3.2%

TSE BBD.B opened at C$260.33 on Thursday. The company has a fifty day simple moving average of C$254.28 and a two-hundred day simple moving average of C$233.18. The stock has a market cap of C$25.77 billion, a P/E ratio of 29.09, a P/E/G ratio of 6.26 and a beta of 1.80. Bombardier, Inc. Class B has a 12-month low of C$81.02 and a 12-month high of C$283.99.

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.