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

Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$114.67.

Several analysts recently weighed in on the company. Desjardins decreased their price target 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. UBS Group upgraded Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and increased their target price for the stock from C$77.00 to C$95.00 in a research note on Monday, February 24th. National Bankshares reduced their target price on Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada reduced their target price on Bombardier, Inc. Class B from C$130.00 to C$116.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, CIBC reduced their target price on Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$83.41 on Tuesday. The stock’s fifty day moving average is C$86.62 and its 200 day moving average is C$94.07. Bombardier, Inc. Class B has a fifty-two week low of C$54.04 and a fifty-two week high of C$113.60. The firm has a market capitalization of C$7.22 billion, a PE ratio of 21.61, a PEG ratio of 6.26 and a beta of 2.98.

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.