Bombardier, Inc. Class B (TSE:BBD.B) Receives Average Recommendation of “Moderate Buy” from Analysts

Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$229.91.

BBD.B has been the topic of a number of research reports. National Bankshares upped their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$225.00 to C$240.00 in a report on Monday, November 10th. Finally, Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the stock a “buy” rating in a research note on Friday, December 12th.

Bombardier, Inc. Class B Stock Up 4.3%

BBD.B opened at C$246.75 on Monday. The firm has a market capitalization of C$24.47 billion, a P/E ratio of 66.87, a PEG ratio of 6.26 and a beta of 1.64. The stock has a fifty day moving average of C$223.94 and a 200-day moving average of C$188.39. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$249.49.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.