Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$140.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its target price dropped by equities research analysts at Desjardins from C$142.00 to C$140.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 63.25% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup decreased their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a report on Monday, February 3rd. CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. National Bankshares lifted their target price on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Finally, TD Securities cut their price target on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$113.67.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$85.76 on Friday. The business’s fifty day moving average price is C$83.67 and its two-hundred day moving average price is C$92.04. The firm has a market capitalization of C$7.42 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 52 week low of C$69.90 and a 52 week 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.