Bombardier, Inc. Class B (TSE:BBD.B) Receives C$3.44 Consensus PT from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$3.35.

A number of research analysts have recently commented on BBD.B shares. Citigroup cut 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. CIBC cut 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. Desjardins cut their price objective on shares of Bombardier, Inc. Class B from C$4.50 to C$4.00 in a research report on Friday, August 2nd. Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$3.75 to C$2.00 in a research report on Friday, August 16th. Finally, Raymond James cut their price objective on shares of Bombardier, Inc. Class B from C$3.50 to C$2.50 and set a “market perform” rating for the company in a research report on Friday, August 2nd.

Bombardier, Inc. Class B stock traded up C$0.03 on Monday, reaching C$1.64. 4,277,119 shares of the stock were exchanged, compared to its average volume of 9,460,000. The stock has a market cap of $3.39 billion and a PE ratio of 18.22. Bombardier, Inc. Class B has a twelve month low of C$1.53 and a twelve month high of C$4.05. The firm has a fifty day moving average price of C$1.73 and a two-hundred day moving average price of C$2.07.

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.

Further Reading: Basic Economics

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

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