TD Securities Cuts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$276.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective reduced by investment analysts at TD Securities from C$278.00 to C$276.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 15.36% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Desjardins set a C$260.00 price objective on shares of Bombardier, Inc. Class B and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. The Goldman Sachs Group lowered Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their target price for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th. BMO Capital Markets upped their price target on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$250.67.

Bombardier, Inc. Class B Trading Up 1.1%

BBD.B stock traded up C$2.53 during midday trading on Tuesday, hitting C$239.25. 150,707 shares of the company’s stock were exchanged, compared to its average volume of 397,672. The business has a 50-day simple moving average of C$239.08 and a two-hundred day simple moving average of C$201.63. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$276.18. The stock has a market capitalization of C$23.73 billion, a PE ratio of 64.84, a P/E/G ratio of 6.26 and a beta of 1.64.

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.