Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$5.00 by Analysts at National Bank Financial
Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by National Bank Financial from C$5.25 to C$5.00 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
BBD.B has been the subject of a number of other reports. Morgan Stanley reaffirmed an equal weight rating and set a C$3.25 price target on shares of Bombardier, Inc. Class B in a report on Friday, April 5th. CSFB raised their price target on shares of Bombardier, Inc. Class B from C$3.76 to C$4.00 in a report on Friday, February 15th. Royal Bank of Canada lowered their price target on shares of Bombardier, Inc. Class B from C$4.50 to C$3.50 and set an outperform rating for the company in a report on Friday, February 15th. UBS Group upgraded shares of Bombardier, Inc. Class B from a neutral rating to a buy rating and increased their price objective for the company from C$2.90 to C$3.80 in a research note on Friday, February 15th. Finally, CIBC increased their price objective on shares of Bombardier, Inc. Class B from C$4.50 to C$4.75 in a research note on Friday, February 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$4.96.
Bombardier, Inc. Class B stock opened at C$2.63 on Monday. Bombardier, Inc. Class B has a 52-week low of C$1.96 and a 52-week high of C$4.16. The firm has a market capitalization of $5.42 billion and a PE ratio of -202.31.
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.
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