Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus recommendation of "Moderate Buy" from analysts, with eight out of eleven rating the stock as a buy.
• The average 1-year price objective among brokers for Bombardier's stock is C$182.82, with several brokerages recently increasing their price targets significantly.
• As of the last report, the stock opened at C$191.42 and has seen a 1-year price range between C$71.79 and C$197.50.

Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$182.82.

Several brokerages have issued reports on BBD.B. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research note on Friday, August 8th. Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a report on Monday, July 21st. Finally, TD Securities raised their target price on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a "hold" rating in a research note on Friday, August 1st.

Bombardier, Inc. Class B Stock Performance

BBD.B stock opened at C$191.42 on Friday. The firm has a market cap of C$18.99 billion, a P/E ratio of 44.00, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$197.50. The stock has a 50-day simple moving average of C$166.46 and a 200-day simple moving average of C$123.24.

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.

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