The Goldman Sachs Group Downgrades Bombardier, Inc. Class B (TSE:BBD.B) to Sell

Bombardier, Inc. Class B (TSE:BBD.B) was downgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Monday,BayStreet.CA reports. They currently have a C$191.00 price target on the stock, up from their prior price target of C$184.00. The Goldman Sachs Group’s target price points to a potential downside of 19.45% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the company a “hold” rating in a report on Monday, January 19th. CIBC lowered Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and raised their price objective for the company from C$230.00 to C$290.00 in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. 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 report on Wednesday, January 21st. Finally, Royal Bank Of Canada lifted their target price 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. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$250.83.

Bombardier, Inc. Class B Stock Down 10.8%

Bombardier, Inc. Class B stock traded down C$28.58 during midday trading on Monday, reaching C$237.11. 647,592 shares of the stock traded hands, compared to its average volume of 365,282. The stock has a market cap of C$23.52 billion, a P/E ratio of 64.26, a PEG ratio of 6.26 and a beta of 1.64. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$276.18. The stock’s fifty day moving average is C$235.89 and its 200-day moving average is C$198.22.

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.