Bombardier, Inc. Class B (TSE:BBD.B) Price Target Cut to C$3.75

Bombardier, Inc. Class B (TSE:BBD.B) had its price target dropped by equities research analysts at TD Securities from C$4.25 to C$3.75 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 102.16% from the stock’s current price.

Other analysts also recently issued reports about the company. BMO Capital Markets reduced their target price on Bombardier, Inc. Class B from C$4.25 to C$4.00 in a report on Friday, May 3rd. National Bank Financial reduced their target price on Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada reduced their target price on Bombardier, Inc. Class B from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Morgan Stanley reissued an “equal weight” rating and issued a C$3.25 target price on shares of Bombardier, Inc. Class B in a report on Friday, April 5th. Finally, CIBC reduced their target price on Bombardier, Inc. Class B from C$3.75 to C$3.25 in a report on Friday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Bombardier, Inc. Class B currently has an average rating of “Buy” and a consensus target price of C$4.11.

Shares of TSE:BBD.B traded down C$0.05 on Friday, hitting C$1.86. 8,828,566 shares of the company’s stock were exchanged, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 1-year low of C$1.59 and a 1-year high of C$5.18. The stock has a market capitalization of $3.88 billion and a P/E ratio of 11.82. The stock’s 50-day moving average is C$2.18.

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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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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