Bombardier, Inc. Class B (TSE:BBD.B) PT Lowered to C$2.50 at Raymond James

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective decreased by Raymond James from C$3.50 to C$2.50 in a research report released on Friday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada lowered their price objective on Bombardier, Inc. Class B from C$3.50 to C$3.00 and set an outperform rating for the company in a research note on Friday, April 26th. National Bank Financial lowered their price objective on Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an outperform rating for the company in a research note on Friday. Morgan Stanley reissued an equal weight rating and set a C$3.25 price target on shares of Bombardier, Inc. Class B in a research note on Friday, April 5th. Desjardins decreased their price target on Bombardier, Inc. Class B from C$4.50 to C$4.00 in a research note on Friday. Finally, TD Securities decreased their price target on Bombardier, Inc. Class B from C$4.25 to C$3.75 and set a speculative buy rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$3.90.

TSE:BBD.B opened at C$1.85 on Friday. The company has a market cap of $3.82 billion and a price-to-earnings ratio of 20.56. Bombardier, Inc. Class B has a 1 year low of C$1.59 and a 1 year high of C$5.18. The company has a 50 day moving average of C$2.17.

Bombardier, Inc. Class B Company Profile

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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