Bombardier, Inc. Class B (TSE:BBD.B) PT Lowered to C$3.70 at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective trimmed by National Bank Financial from C$4.15 to C$3.70 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

BBD.B has been the topic of several other research reports. TD Securities increased their target price on Bombardier, Inc. Class B from C$3.75 to C$4.00 and gave the company a speculative buy rating in a research note on Monday, September 9th. Goldman Sachs Group lowered Bombardier, Inc. Class B from a buy rating to a neutral rating and cut their target price for the company from C$3.75 to C$2.00 in a research note on Friday, August 16th. Raymond James cut their target price on Bombardier, Inc. Class B from C$3.50 to C$2.50 and set a market perform rating on the stock in a research note on Friday, August 2nd. Desjardins cut their target price on Bombardier, Inc. Class B from C$4.50 to C$4.00 in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered Bombardier, Inc. Class B from an overweight rating to a neutral rating in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Bombardier, Inc. Class B presently has a consensus rating of Buy and a consensus price target of C$3.55.

Shares of TSE BBD.B opened at C$1.57 on Wednesday. The business has a fifty day simple moving average of C$1.74 and a 200 day simple moving average of C$2.11. The firm has a market capitalization of $3.24 billion and a price-to-earnings ratio of 17.44. Bombardier, Inc. Class B has a one year low of C$1.53 and a one year high of C$4.27.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and provides aftermarket support for Learjet, Challenger, and Global business jets.

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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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