Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$182.82

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$182.82.

Several equities research analysts have recently issued reports on BBD.B shares. Royal Bank Of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. BMO Capital Markets increased their price target on Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. CIBC boosted their price objective on Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday, July 21st. TD Securities increased their target price on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a report on Friday, August 8th.

Bombardier, Inc. Class B Stock Performance

BBD.B opened at C$201.35 on Friday. Bombardier, Inc. Class B has a 1 year low of C$71.79 and a 1 year high of C$203.48. The firm has a 50 day moving average price of C$170.05 and a 200 day moving average price of C$127.24. The company has a market cap of C$19.97 billion, a PE ratio of 46.29, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07.

About Bombardier, Inc. Class B

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