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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$256.50.

A number of research firms have issued reports on BBD.B. JPMorgan Chase & Co. lifted their price objective on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. TD Securities raised their price target on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. National Bank Financial decreased their price objective on shares of Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Finally, BMO Capital Markets lifted their target price on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st.

Bombardier, Inc. Class B Stock Down 4.8%

Shares of TSE:BBD.B opened at C$263.66 on Tuesday. The business’s 50 day moving average is C$246.89 and its 200 day moving average is C$211.09. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$282.00. The stock has a market cap of C$26.10 billion, a price-to-earnings ratio of 29.46, a PEG 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.