Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Upgraded by Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Friday,BayStreet.CA reports. The firm presently has a C$305.00 price target on the stock, up from their previous price target of C$295.00. Scotiabank’s price target suggests a potential upside of 6.16% from the stock’s current price.

A number of other research firms also recently issued reports on BBD.B. National Bank Financial downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating in a research note on Thursday, April 16th. UBS Group boosted their price objective on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday. Desjardins boosted their price objective on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 13th. BMO Capital Markets boosted their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday. Finally, TD Securities boosted their price target on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of “Hold” and an average target price of C$278.08.

Bombardier, Inc. Class B Price Performance

TSE BBD.B traded down C$1.35 during trading hours on Friday, hitting C$287.29. The company’s stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. Bombardier, Inc. Class B has a 12 month low of C$81.02 and a 12 month high of C$297.42. The company’s 50 day simple moving average is C$254.31 and its two-hundred day simple moving average is C$237.17. The company has a market cap of C$28.44 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80.

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.