Desjardins Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective upped by equities research analysts at Desjardins from C$236.00 to C$239.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 21.67% from the company’s previous close.

BBD.B has been the topic of several other reports. TD Securities increased their price target on shares of 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. CIBC upped their price objective on Bombardier, Inc. Class B from C$222.00 to C$230.00 in a report on Friday. JPMorgan Chase & Co. increased their price objective on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research report on Friday, August 8th. UBS Group lifted their target price on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday, August 1st. Finally, Royal Bank Of Canada upped their price target on Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$208.80.

Bombardier, Inc. Class B Stock Performance

BBD.B traded down C$0.98 during midday trading on Friday, hitting C$196.44. The company had a trading volume of 482,375 shares, compared to its average volume of 538,211. The company has a market capitalization of C$19.49 billion, a PE ratio of 45.16, a P/E/G ratio of 6.26 and a beta of 1.41. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$204.50. The firm’s 50-day simple moving average is C$184.41 and its 200-day simple moving average is C$146.18.

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.