Bombardier, Inc. Class B (TSE:BBD.B) Receives C$113.42 Consensus Target Price from Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$113.67.

BBD.B has been the subject of several recent research reports. Desjardins dropped their price target on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada raised their target price on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. BMO Capital Markets reduced their price target on Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, National Bankshares upped their target price on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an “outperform” rating in a report on Thursday, April 17th.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$81.46 on Wednesday. The business has a 50 day moving average of C$83.56 and a 200-day moving average of C$91.70. The company has a market capitalization of C$7.05 billion, a P/E ratio of 21.10, a P/E/G ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 1 year low of C$71.00 and a 1 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.