Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$3.35.
Several equities analysts have recently commented on the stock. TD Securities boosted their target price on shares of Bombardier, Inc. Class B from C$3.75 to C$4.00 and gave the company a “speculative buy” rating in a research report on Monday, September 9th. CIBC lowered their price objective on shares of Bombardier, Inc. Class B from C$3.75 to C$3.25 in a research report on Friday, August 2nd. National Bank Financial lowered their price objective on shares of Bombardier, Inc. Class B from C$4.15 to C$3.70 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Citigroup lowered their price objective on shares of Bombardier, Inc. Class B from C$3.40 to C$2.75 in a research report on Thursday, August 15th. Finally, Goldman Sachs Group cut shares of Bombardier, Inc. Class B from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$3.75 to C$2.00 in a research report on Friday, August 16th.
Shares of TSE:BBD.B remained flat at $C$1.61 during midday trading on Monday. 1,538,051 shares of the stock traded hands, compared to its average volume of 9,460,000. The stock has a fifty day moving average price of C$1.73 and a 200-day moving average price of C$2.07. The company has a market capitalization of $3.32 billion and a P/E ratio of 17.89. Bombardier, Inc. Class B has a one year low of C$1.53 and a one year high of C$4.05.
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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