Royal Bank of Canada Issues Pessimistic Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its target price reduced by Royal Bank of Canada from C$116.00 to C$101.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

BBD.B has been the topic of several other reports. Citigroup reduced their price target on Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. UBS Group raised Bombardier, Inc. Class B from a "sell" rating to a "neutral" rating and raised their price target for the stock from C$77.00 to C$95.00 in a report on Monday, February 24th. CIBC lowered their target price on shares of Bombardier, Inc. Class B from C$126.00 to C$110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, National Bankshares decreased their price target on shares of Bombardier, Inc. Class B from C$134.00 to C$103.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$113.42.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock traded down C$0.65 during mid-day trading on Wednesday, reaching C$83.02. 199,934 shares of the company were exchanged, compared to its average volume of 616,496. Bombardier, Inc. Class B has a 12-month low of C$54.04 and a 12-month high of C$113.60. The business has a fifty day moving average of C$83.43 and a 200 day moving average of C$92.80. The firm has a market cap of C$7.18 billion, a P/E ratio of 21.51, a PEG ratio of 6.26 and a beta of 2.98.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.