Bombardier, Inc. Class B (TSE:BBD.B) Price Target Lowered to C$286.00 at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lowered by stock analysts at National Bank Financial from C$290.00 to C$286.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 18.10% from the stock’s previous close.

BBD.B has been the subject of several other research reports. The Goldman Sachs Group cut Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and increased their price objective for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price target on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. CIBC World Markets reduced their price objective on shares of Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday. Desjardins upped their target price on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Hold” and an average target price of C$259.08.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock traded down C$1.55 during trading hours on Friday, reaching C$242.16. 300,117 shares of the company’s stock were exchanged, compared to its average volume of 385,605. The company’s 50 day moving average is C$241.60 and its two-hundred day moving average is C$205.70. The company has a market cap of C$24.02 billion, a P/E ratio of 65.63, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$276.18.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.