Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) Target Price at C$256.50

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$256.50.

Several equities analysts have recently issued reports on BBD.B shares. TD Securities upped their target price on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. National Bank Financial reduced their price objective on Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce lowered their target price on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday, February 13th. Finally, The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B opened at C$277.23 on Tuesday. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$282.00. The firm has a 50-day moving average price of C$250.02 and a two-hundred day moving average price of C$212.73. The firm has a market cap of C$27.44 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42.

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.