Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Recommendation of “Moderate Buy” from Brokerages

Bombardier, Inc. Class B (TSE:BBD.B) has received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$114.67.

BBD.B has been the subject of several research reports. Desjardins lowered their price target on shares of Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. UBS Group raised shares of Bombardier, Inc. Class B from a “sell” rating to a “neutral” rating and increased their target price for the company from C$77.00 to C$95.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on shares of 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. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$129.00 to C$135.00 in a research report on Tuesday, January 7th. Finally, National Bankshares decreased their target price on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an “outperform” rating for the company in a research report on Friday, February 7th.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$81.03 on Tuesday. The company has a 50 day moving average price of C$86.94 and a 200-day moving average price of C$94.14. 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 stock has a market capitalization of C$7.01 billion, a PE ratio of 20.99, a PEG ratio of 6.26 and a beta of 2.98.

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.