Shares of Bombardier, Inc. Class B (TSE:BBD.B) have received a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$4.67.
A number of research firms recently weighed in on BBD.B. Morgan Stanley reaffirmed an “equal weight” rating and set a C$3.25 price target on shares of Bombardier, Inc. Class B in a report on Friday, April 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$5.00 price target on shares of Bombardier, Inc. Class B in a report on Thursday, February 28th. National Bank Financial dropped their price target on Bombardier, Inc. Class B from C$5.25 to C$5.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Royal Bank of Canada dropped their price target on Bombardier, Inc. Class B from C$4.50 to C$3.50 and set an “outperform” rating for the company in a report on Friday, February 15th. Finally, UBS Group raised Bombardier, Inc. Class B from a “neutral” rating to a “buy” rating and raised their price target for the company from C$2.90 to C$3.80 in a report on Friday, February 15th.
Shares of BBD.B traded down C$0.02 during mid-day trading on Friday, reaching C$2.13. The company had a trading volume of 3,633,067 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a twelve month low of C$1.96 and a twelve month high of C$4.16. The stock has a market cap of $4.39 billion and a PE ratio of -163.85.
About Bombardier, Inc. Class B
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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