Bombardier, Inc. Class B (TSE:BBD.B) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$3.19.
BBD.B has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded shares of Bombardier, Inc. Class B from an “overweight” rating to a “neutral” rating in a report on Friday, September 13th. TD Securities lowered their target price on shares of Bombardier, Inc. Class B from C$3.50 to C$3.25 and set a “speculative buy” rating on the stock in a research note on Tuesday, November 26th. Cowen dropped their price target on shares of Bombardier, Inc. Class B from C$2.60 to C$2.20 in a research report on Wednesday, October 16th. National Bank Financial cut their price target on shares of Bombardier, Inc. Class B from C$4.15 to C$3.70 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Finally, CIBC decreased their price objective on Bombardier, Inc. Class B from C$3.25 to C$3.00 in a report on Friday, November 1st.
Bombardier, Inc. Class B stock traded up C$0.05 on Tuesday, hitting C$1.98. The company’s stock had a trading volume of 5,170,554 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a one year low of C$1.53 and a one year high of C$3.03. The firm has a market cap of $4.09 billion and a P/E ratio of -396.00. The company has a fifty day moving average price of C$1.88 and a 200-day moving average price of C$1.93.
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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