Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 1-Year High – Here’s What Happened

Bombardier, Inc. Class B (TSE:BBD.B)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$276.58 and last traded at C$275.34, with a volume of 106556 shares changing hands. The stock had previously closed at C$268.98.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBD.B. BMO Capital Markets lifted their price target on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 13th. TD Securities boosted their target price on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce cut their target price on shares of Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday, February 13th. Finally, Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$256.50.

Bombardier, Inc. Class B Stock Performance

The company has a market capitalization of C$27.02 billion, a P/E ratio of 30.50, a PEG ratio of 6.26 and a beta of 1.42. The stock’s fifty day moving average price is C$243.94 and its 200-day moving average price is C$208.53.

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.