Bombardier, Inc. Class B (TSE:BBD.B) had its price target trimmed by Desjardins from C$4.50 to C$4.00 in a report issued on Friday, BayStreet.CA reports.
Other equities research analysts have also recently issued reports about the company. CIBC reduced their price target on Bombardier, Inc. Class B from C$3.75 to C$3.25 in a research note on Friday. Raymond James reaffirmed a market perform rating and issued a C$3.50 price target on shares of Bombardier, Inc. Class B in a research note on Wednesday, June 26th. BMO Capital Markets reduced their price target on Bombardier, Inc. Class B from C$4.25 to C$4.00 in a research note on Friday, May 3rd. National Bank Financial reduced their price target on Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an outperform rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reduced their price target on Bombardier, Inc. Class B from C$3.50 to C$3.00 and set an outperform rating on the stock in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$3.90.
Shares of BBD.B stock opened at C$1.85 on Friday. The stock has a market capitalization of $3.82 billion and a PE ratio of 20.56. The business has a fifty day moving average price of C$2.17. Bombardier, Inc. Class B has a twelve month low of C$1.59 and a twelve month high of C$5.18.
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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