Bombardier, Inc. Class B (TSE:BBD.B) Sets New 1-Year Low on Analyst Downgrade

Bombardier, Inc. Class B (TSE:BBD.B) shares reached a new 52-week low on Thursday after Citigroup lowered their price target on the stock from C$3.40 to C$2.75. The stock traded as low as C$1.56 and last traded at C$1.57, with a volume of 7096779 shares. The stock had previously closed at C$1.71.

Several other research firms also recently weighed in on BBD.B. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$4.25 to C$3.75 and set a “speculative buy” rating on the stock in a report on Friday, August 2nd. Raymond James lowered their price objective on shares of Bombardier, Inc. Class B from C$3.50 to C$2.50 and set a “market perform” rating on the stock in a report on Friday, August 2nd. CIBC lowered their price objective on shares of Bombardier, Inc. Class B from C$3.75 to C$3.25 in a report on Friday, August 2nd. Desjardins lowered their price objective on shares of Bombardier, Inc. Class B from C$4.50 to C$4.00 in a report on Friday, August 2nd. Finally, National Bank Financial lowered their price objective on shares of Bombardier, Inc. Class B from C$4.85 to C$4.15 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$3.83.

The company’s fifty day moving average price is C$2.08 and its 200 day moving average price is C$2.34. The company has a market cap of $3.37 billion and a PE ratio of 17.67.

Bombardier, Inc. Class B Company Profile (TSE:BBD.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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