Bombardier, Inc. Class B (TSE:BBD.B) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$297.67.

A number of equities analysts have recently issued reports on BBD.B shares. Scotiabank upgraded shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from C$295.00 to C$305.00 in a research note on Friday, May 1st. UBS Group lifted their price target on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a report on Friday, May 1st. BMO Capital Markets boosted their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday, May 1st. National Bank Financial upped their price objective on Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada upped their price objective on Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B opened at C$362.02 on Friday. Bombardier, Inc. Class B has a 1-year low of C$147.61 and a 1-year high of C$364.38. The company has a 50-day moving average of C$316.02 and a 200 day moving average of C$276.75. The firm has a market cap of C$35.71 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 6.26 and a beta of 1.93.

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.