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

Shares of Bombardier, Inc. Class B (TSE:BBD.BGet Rating) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$54.97.

Several equities analysts recently commented on BBD.B shares. CIBC upped their price target on shares of Bombardier, Inc. Class B from C$36.00 to C$37.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Cowen raised shares of Bombardier, Inc. Class B to a “buy” rating and set a C$51.85 price target for the company in a research report on Monday, August 8th. Cowen raised shares of Bombardier, Inc. Class B to a “buy” rating and upped their price target for the stock from C$23.62 to C$51.85 in a research report on Monday, August 8th. Royal Bank of Canada upped their price target on shares of Bombardier, Inc. Class B from C$32.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Finally, National Bankshares upped their price target on shares of Bombardier, Inc. Class B from C$46.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B opened at C$30.66 on Friday. Bombardier, Inc. Class B has a 1 year low of C$18.30 and a 1 year high of C$57.00. The company’s 50 day simple moving average is C$29.00 and its 200 day simple moving average is C$34.11. The company has a market capitalization of C$2.88 billion and a price-to-earnings ratio of -6.92.

About Bombardier, Inc. Class B

(Get Rating)

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

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

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