Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Upgraded by Scotiabank

Key Points

• Scotiabank upgraded Bombardier Class B from "sector perform" to "sector outperform" and raised its price target to C$305 (from C$295), implying about a 6.16% upside from the current price.
• Analyst views are mixed—UBS, BMO and Desjardins lifted targets (to C$315, C$320 and C$305), National Bank downgraded, and MarketBeat shows a consensus "Hold" with an average target of C$278.08 while the stock trades near C$287.29 (12‑month high C$297.42, market cap C$28.44B).

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) was upgraded by analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a report issued on Friday,BayStreet.CA reports. The firm presently has a C$305.00 price target on the stock, up from their previous price target of C$295.00. Scotiabank's price target suggests a potential upside of 6.16% from the stock's current price.

A number of other research firms also recently issued reports on BBD.B. National Bank Financial downgraded Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating in a research note on Thursday, April 16th. UBS Group boosted their price objective on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday. Desjardins boosted their price objective on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a "buy" rating in a research note on Friday, February 13th. BMO Capital Markets boosted their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday. Finally, TD Securities boosted their price target on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a "hold" rating in a report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of "Hold" and an average target price of C$278.08.

Bombardier, Inc. Class B Price Performance

TSE BBD.B traded down C$1.35 during trading hours on Friday, hitting C$287.29. The company's stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. Bombardier, Inc. Class B has a 12 month low of C$81.02 and a 12 month high of C$297.42. The company's 50 day simple moving average is C$254.31 and its two-hundred day simple moving average is C$237.17. The company has a market cap of C$28.44 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.