Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Lowered by Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by equities researchers at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday,BayStreet.CA reports. They currently have a C$295.00 price objective on the stock, up from their prior price objective of C$230.00. Scotiabank’s target price indicates a potential upside of 10.84% from the company’s previous close.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. upped their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. Raymond James Financial upped their price objective on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. TD Securities lifted their target price on shares of Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the stock a “hold” rating in a research report on Monday. Royal Bank Of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, BMO Capital Markets raised their price objective on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$256.27.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B traded down C$0.57 during trading on Wednesday, hitting C$266.15. The company had a trading volume of 306,719 shares, compared to its average volume of 350,418. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$276.18. The business’s 50-day moving average is C$232.66 and its 200 day moving average is C$195.86. The company has a market cap of C$26.40 billion, a P/E ratio of 72.13, a PEG ratio of 6.26 and a beta of 1.64.

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.