Bombardier, Inc. Class B (TSE:BBD.B) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$114.67.

A number of equities research analysts have recently issued reports on BBD.B shares. Desjardins reduced their target price on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. UBS Group raised shares of Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and boosted their price objective for the company from C$77.00 to C$95.00 in a report on Monday, February 24th. Citigroup lowered their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Royal Bank of Canada lowered their price objective on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B opened at C$76.10 on Friday. The company has a market cap of C$6.58 billion, a P/E ratio of 19.72, a P/E/G ratio of 6.26 and a beta of 2.98. The firm’s fifty day moving average price is C$84.10 and its two-hundred day moving average price is C$93.48. Bombardier, Inc. Class B has a one year low of C$54.04 and a one year high of C$113.60.

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.