Bombardier, Inc. Class B’s (BBD.B) Underperform Rating Reaffirmed at Cowen

Bombardier, Inc. Class B (TSE:BBD.B)‘s stock had its “underperform” rating reissued by Cowen in a research note issued on Thursday, Stock Target Advisor reports.

A number of other equities analysts have also recently weighed in on BBD.B. TD Securities restated a “speculative buy” rating on shares of Bombardier, Inc. Class B in a report on Wednesday, September 8th. National Bankshares upped their price target on Bombardier, Inc. Class B from C$1.90 to C$2.50 and gave the company an “outperform” rating in a research report on Wednesday, October 6th. ATB Capital upped their price target on Bombardier, Inc. Class B from C$2.00 to C$2.50 and gave the company a “speculative buy” rating in a research report on Monday, October 4th. Royal Bank of Canada increased their target price on Bombardier, Inc. Class B from C$2.00 to C$2.50 and gave the stock an “outperform” rating in a research report on Thursday, September 16th. Finally, CIBC reaffirmed a “sell” rating and issued a C$1.30 target price on shares of Bombardier, Inc. Class B in a research report on Monday, September 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$1.86.

TSE BBD.B traded down C$0.01 on Thursday, reaching C$2.05. The company had a trading volume of 2,339,027 shares, compared to its average volume of 7,927,804. The firm has a market capitalization of C$5.00 billion and a PE ratio of 0.81. Bombardier, Inc. Class B has a 1 year low of C$0.26 and a 1 year high of C$2.28. The firm has a 50-day moving average of C$1.87 and a 200-day moving average of C$1.37.

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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