Bombardier, Inc. Class B (TSE:BBD.B) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$2.15.
Several equities research analysts recently issued reports on the company. Raymond James reiterated a “market perform” rating and issued a C$1.50 price objective on shares of Bombardier, Inc. Class B in a report on Monday, January 20th. Royal Bank of Canada cut their price objective on Bombardier, Inc. Class B from C$3.00 to C$2.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Scotiabank cut their price objective on Bombardier, Inc. Class B from C$2.25 to C$2.00 in a report on Tuesday, January 28th. Citigroup cut their price objective on Bombardier, Inc. Class B from C$2.70 to C$2.10 in a report on Friday, January 17th. Finally, Vertical Research boosted their price objective on Bombardier, Inc. Class B from C$1.70 to C$1.80 in a report on Friday.
Shares of BBD.B stock traded down C$0.02 on Friday, hitting C$1.65. The stock had a trading volume of 17,668,927 shares, compared to its average volume of 9,460,000. The firm has a market capitalization of $3.41 billion and a P/E ratio of -330.00. Bombardier, Inc. Class B has a 1 year low of C$1.10 and a 1 year high of C$3.03. The company’s 50 day moving average price is C$1.55 and its 200-day moving average price is C$1.75.
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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