Bombardier, Inc. Class B (TSE:BBD.B) Given New C$101.00 Price Target at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its target price reduced by equities researchers at Royal Bank of Canada from C$116.00 to C$101.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 20.67% from the company’s previous close.

Several other analysts have also recently weighed in on BBD.B. JPMorgan Chase & Co. cut their price target on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Desjardins reduced 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 research note on Friday, February 7th. National Bankshares lowered their price objective on 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. BMO Capital Markets upped 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, CIBC dropped their price objective on shares of 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$113.42.

Bombardier, Inc. Class B Price Performance

BBD.B traded down C$1.60 during trading on Wednesday, hitting C$83.70. 123,025 shares of the stock traded hands, compared to its average volume of 624,500. The firm has a 50-day moving average of C$83.27 and a 200 day moving average of C$93.07. Bombardier, Inc. Class B has a 12-month low of C$54.04 and a 12-month high of C$113.60. The firm has a market capitalization of C$7.24 billion, a P/E ratio of 21.68, a price-to-earnings-growth 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.