Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week Low at $1.12

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.12 and last traded at C$1.19, with a volume of 13173699 shares trading hands. The stock had previously closed at C$1.79.

A number of research analysts have recently issued reports on BBD.B shares. CIBC reduced their price objective on Bombardier, Inc. Class B from C$3.25 to C$3.00 in a research note on Friday, November 1st. Raymond James set a C$2.50 price objective on Bombardier, Inc. Class B and gave the company a “market perform” rating in a research note on Monday, November 4th. National Bank Financial reduced their price objective on Bombardier, Inc. Class B from C$4.15 to C$3.70 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. TD Securities reduced their price objective on Bombardier, Inc. Class B from C$3.50 to C$3.25 and set a “speculative buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Cowen reduced their price objective on Bombardier, Inc. Class B from C$2.60 to C$2.20 in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$3.19.

The company has a market capitalization of $3.70 billion and a P/E ratio of -247.00. The company has a 50 day moving average of C$1.92 and a 200-day moving average of C$1.88.

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.

See Also: Using other technical indicators with support levels

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.