Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$260.00

by · The Cerbat Gem

Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) had its target price hoisted by stock analysts at Desjardins from C$239.00 to C$260.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 17.00% from the company’s current price.

Several other analysts have also weighed in on BBD.B. Scotiabank upped their target price on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the company an “outperform” rating in a report on Friday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research note on Wednesday, November 19th. National Bankshares increased their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research note on Tuesday, December 2nd. CIBC raised their price target on Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research note on Friday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$225.00 to C$240.00 in a report on Monday, November 10th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus target price of C$229.91.

Check Out Our Latest Report on Bombardier, Inc. Class B

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded up C$4.40 during trading on Friday, reaching C$222.23. 350,193 shares of the company were exchanged, compared to its average volume of 525,961. The stock’s 50 day moving average price is C$206.98 and its 200 day moving average price is C$168.92. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$236.23. The company has a market cap of C$22.04 billion, a P/E ratio of 60.22, a PEG ratio of 6.26 and a beta of 1.38.

About Bombardier, Inc. Class B

(Get Free Report)

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

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