Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Recommendation of “Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has received an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$3.90.

Several brokerages have recently weighed in on BBD.B. Royal Bank of Canada decreased their price target on Bombardier, Inc. Class B from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Raymond James decreased their price target on Bombardier, Inc. Class B from C$3.50 to C$2.50 and set a “market perform” rating for the company in a research note on Friday. Desjardins decreased their price target on Bombardier, Inc. Class B from C$4.50 to C$4.00 in a research note on Friday. TD Securities decreased their price target on Bombardier, Inc. Class B from C$4.25 to C$3.75 and set a “speculative buy” rating for the company in a research note on Friday. Finally, National Bank Financial decreased their price target on Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an “outperform” rating for the company in a research note on Friday.

Shares of BBD.B opened at C$1.85 on Wednesday. Bombardier, Inc. Class B has a 12-month low of C$1.59 and a 12-month high of C$5.18. The stock has a 50-day moving average price of C$2.18. The firm has a market cap of $3.82 billion and a PE ratio of 11.78.

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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