Bombardier, Inc. Class B (TSE:BBD.B) Receives C$1.23 Consensus Target Price from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus rating of “Hold” by the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$1.23.

BBD.B has been the topic of several research analyst reports. Scotiabank raised shares of Bombardier, Inc. Class B from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from C$0.35 to C$0.50 in a research report on Tuesday, June 9th. CIBC downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “negative” rating and dropped their price objective for the company from C$2.00 to C$0.70 in a report on Monday, April 13th. TD Securities dropped their price objective on shares of Bombardier, Inc. Class B from C$0.60 to C$0.45 and set a “hold” rating on the stock in a report on Monday, May 11th. Royal Bank of Canada downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$3.50 to C$0.50 in a report on Wednesday, April 29th. Finally, National Bank Financial dropped their price objective on shares of Bombardier, Inc. Class B from C$0.80 to C$0.50 and set a “sector perform” rating on the stock in a report on Tuesday, April 21st.

The stock has a market cap of $929.54 million and a P/E ratio of -0.47. Bombardier, Inc. Class B has a 12-month low of C$0.38 and a 12-month high of C$2.34. The stock’s fifty day moving average is C$0.47 and its 200 day moving average is C$1.04.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and provides aftermarket support for Learjet, Challenger, and Global business jets.

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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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