Bombardier, Inc. Class B (TSE:BBD.B) Receives C$113.42 Consensus PT from Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$113.67.

A number of analysts recently commented on the company. TD Securities dropped their price objective on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating for the company in a research report on Friday. Desjardins lowered their price target on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating for the company in a report on Friday. Royal Bank of Canada upped their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a research note on Friday. CIBC lifted their target price on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, BMO Capital Markets reduced their price target on Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an "outperform" rating on the stock in a research note on Friday.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B traded down C$3.54 during trading hours on Wednesday, reaching C$82.22. 432,373 shares of the company traded hands, compared to its average volume of 605,757. The firm's 50-day moving average is C$83.58 and its 200-day moving average is C$91.88. The stock has a market cap of C$7.11 billion, a P/E ratio of 21.30, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1-year low of C$71.00 and a 1-year high of C$113.60.

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.