Bombardier, Inc. Class B (BBD.B.TO) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Eleven analysts have an average “Hold” rating on Bombardier, with six buys, four holds, and one sell. The average 12-month price target is C$330.62.
• Recent broker actions were generally positive, with BMO and RBC raising their targets to C$375 and C$406, respectively; Scotiabank, JPMorgan, and TD also updated targets between C$320 and C$370.
• Bombardier shares opened at C$327.04, with a C$60.84 billion market capitalization, a 52-week range of C$186.72–C$377.77, and a price-to-earnings ratio of 36.38.

Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) have earned an average recommendation of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$330.62.

BBD.B has been the topic of a number of research reports. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their price objective on Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Scotiabank lowered their target price on Bombardier, Inc. Class B from C$380.00 to C$370.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 15th. JPMorgan Chase & Co. boosted their target price on Bombardier, Inc. Class B from C$295.00 to C$350.00 in a research note on Monday, August 31st. Finally, TD upped their target price on Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd.

Bombardier, Inc. Class B Price Performance

TSE BBD.B opened at C$327.04 on Friday. The firm has a market capitalization of C$60.84 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 6.26 and a beta of 1.47. The company has a 50 day simple moving average of C$312.98 and a 200-day simple moving average of C$293.93. Bombardier, Inc. Class B has a 52-week low of C$186.72 and a 52-week high of C$377.77.

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.