Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$114.67

Bombardier, Inc. Class B (TSE:BBD.B) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$114.67.

BBD.B has been the topic of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Desjardins lowered their target price on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Citigroup dropped their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. National Bankshares reduced their price objective on Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, UBS Group upgraded Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and upped their target price for the company from C$77.00 to C$95.00 in a report on Monday, February 24th.

Bombardier, Inc. Class B Stock Up 0.1 %

Shares of BBD.B opened at C$76.17 on Friday. Bombardier, Inc. Class B has a 52-week low of C$54.04 and a 52-week high of C$113.60. The stock has a market cap of C$6.59 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm’s fifty day moving average is C$83.82 and its two-hundred day moving average is C$93.37.

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.