Bombardier, Inc. Class B (TSE:BBD.B) Stock Rating Upgraded by Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Friday,BayStreet.CA reports. The firm currently has a C$305.00 target price on the stock, up from their prior target price of C$295.00. Scotiabank’s target price points to a potential upside of 6.16% from the stock’s current price.

A number of other equities research analysts have also recently commented on BBD.B. UBS Group increased their price target on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday. Royal Bank Of Canada raised their price objective on Bombardier, Inc. Class B from C$287.00 to C$298.00 in a research note on Monday, April 13th. Desjardins raised their price objective on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. National Bank Financial cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating in a research note on Thursday, April 16th. Finally, TD Securities raised their target price on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Trading Down 0.5%

Shares of BBD.B traded down C$1.35 during midday trading on Friday, reaching C$287.29. 328,692 shares of the stock were exchanged, compared to its average volume of 368,279. Bombardier, Inc. Class B has a 52 week low of C$81.02 and a 52 week high of C$297.42. The company’s 50 day moving average is C$254.31 and its two-hundred day moving average is C$237.17. The company has a market capitalization of C$28.44 billion, a P/E ratio of 32.10, a PEG ratio of 6.26 and a beta of 1.80.

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.