Bombardier, Inc. Class B (TSE:BBD.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$81.38.

A number of equities analysts have recently commented on the company. Scotiabank dropped their price objective on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. Royal Bank of Canada set a C$95.00 price target on Bombardier, Inc. Class B and gave the company an “outperform” rating in a research note on Thursday, April 4th. UBS Group boosted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$94.00 to C$95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, CIBC boosted their price target on Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the company a “neutral” rating in a research note on Friday, April 12th.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$57.00 on Friday. The business’s 50-day simple moving average is C$54.77 and its 200-day simple moving average is C$51.47. The firm has a market capitalization of C$4.86 billion, a PE ratio of 8.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 52 week low of C$39.87 and a 52 week high of C$68.79.

Insider Activity

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. Corporate insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.