Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by equities researchers at National Bank Financial from C$2.40 to C$2.15 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 25.73% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. TD Securities raised their target price on shares of Bombardier, Inc. Class B from C$1.65 to C$1.70 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Bombardier, Inc. Class B from C$4.00 to C$2.00 in a report on Friday, January 17th. Royal Bank of Canada decreased their price objective on shares of Bombardier, Inc. Class B from C$3.00 to C$2.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Raymond James restated a “market perform” rating and issued a C$1.50 target price on shares of Bombardier, Inc. Class B in a research report on Monday, January 20th. Finally, Scotiabank cut their target price on shares of Bombardier, Inc. Class B from C$2.25 to C$2.00 in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bombardier, Inc. Class B presently has an average rating of “Hold” and an average price target of C$2.38.
Shares of BBD.B traded up C$0.04 during mid-day trading on Friday, hitting C$1.71. 12,130,111 shares of the company’s stock were exchanged, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 52 week low of C$1.10 and a 52 week high of C$3.03. The stock’s 50-day simple moving average is C$1.56 and its 200-day simple moving average is C$1.76. The firm has a market cap of $3.34 billion and a price-to-earnings ratio of -342.00.
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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