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

Key Points

• "Moderate Buy" consensus from 10 analysts (6 buys, 3 holds, 1 sell) with an average 1‑year price target of C$256.50.
• Shares opened at C$232.55 (down 3.3%), market cap C$23.02B and a PE of 25.98; 52‑week range is C$71.79–C$283.99 with the 50‑day SMA at C$254.99 and the 200‑day SMA at C$222.61.
• Notable broker moves include Desjardins raising its target to C$305 and keeping a buy, while Scotiabank cut its rating to sector perform but raised its target to C$295; other targets were adjusted in the C$263–C$286 range.

Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) have received an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$256.50.

Several brokerages have issued reports on BBD.B. Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a "buy" rating in a report on Friday, February 13th. TD Securities lifted their price objective on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a "hold" rating in a research report on Friday, February 13th. Scotiabank lowered Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and upped their target price for the company from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. National Bank Financial lowered their target price on Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an "outperform" rating on the stock in a report on Friday, February 13th. Finally, Raymond James Financial raised their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 2nd.

Bombardier, Inc. Class B Stock Down 3.3%

Bombardier, Inc. Class B stock opened at C$232.55 on Friday. The firm has a market capitalization of C$23.02 billion, a PE ratio of 25.98, a P/E/G ratio of 6.26 and a beta of 1.70. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$283.99. The firm's 50-day simple moving average is C$254.99 and its 200 day simple moving average is C$222.61.

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.

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