Bombardier, Inc. Class B (TSE:BBD.B) Given Average Recommendation of “Hold” by Analysts

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$1.57.

A number of equities research analysts have weighed in on the company. National Bankshares boosted their price objective on Bombardier, Inc. Class B from C$1.75 to C$1.90 and gave the company an “outperform” rating in a research note on Thursday, August 5th. National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$1.90 and gave the company a “sector perform” rating in a research report on Thursday, August 5th. Citigroup raised their price objective on shares of Bombardier, Inc. Class B from C$1.20 to C$2.20 in a research report on Friday, August 13th. Royal Bank of Canada upped their target price on shares of Bombardier, Inc. Class B from C$2.00 to C$2.50 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Securities reiterated a “speculative buy” rating on shares of Bombardier, Inc. Class B in a research note on Wednesday, September 8th.

Shares of Bombardier, Inc. Class B stock traded down C$0.09 on Monday, hitting C$1.81. The stock had a trading volume of 8,383,112 shares, compared to its average volume of 7,790,983. The stock has a market cap of C$4.41 billion and a price-to-earnings ratio of 0.72. Bombardier, Inc. Class B has a 52-week low of C$0.26 and a 52-week high of C$1.98. The company’s 50 day moving average price is C$1.66 and its 200 day moving average price is C$1.21.

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.

Recommended Story: Cash Asset Ratio

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

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.