JPMorgan Chase & Co. cut shares of Bombardier, Inc. Class B (TSE:BBD.B) from an overweight rating to a neutral rating in a report published on Friday, BayStreet.CA reports.

Several other research analysts have also weighed in on BBD.B. National Bank Financial dropped their target price on Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an outperform rating on the stock in a research report on Friday, August 2nd. CIBC dropped their target price on Bombardier, Inc. Class B from C$3.75 to C$3.25 in a research report on Friday, August 2nd. Desjardins dropped their target price on Bombardier, Inc. Class B from C$4.50 to C$4.00 in a research report on Friday, August 2nd. TD Securities upped their target price on Bombardier, Inc. Class B from C$3.75 to C$4.00 and gave the stock a speculative buy rating in a research report on Monday, September 9th. Finally, Goldman Sachs Group lowered Bombardier, Inc. Class B from a buy rating to a neutral rating and dropped their target price for the stock from C$3.75 to C$2.00 in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Bombardier, Inc. Class B presently has a consensus rating of Buy and a consensus price target of C$3.73.

TSE:BBD.B traded down C$0.04 during trading hours on Friday, hitting C$1.88. 5,469,121 shares of the company’s stock traded hands, compared to its average volume of 9,460,000. The firm has a market cap of $3.88 billion and a P/E ratio of 20.89. Bombardier, Inc. Class B has a twelve month low of C$1.53 and a twelve month high of C$4.79. The stock’s fifty day moving average price is C$1.82 and its two-hundred day moving average price is C$2.26.

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.

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

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