Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$383.00

Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) had its price objective lifted by analysts at Royal Bank Of Canada from C$332.00 to C$383.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 16.71% from the company’s previous close.

BBD.B has been the topic of a number of other reports. BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday, May 1st. TD upped their price objective on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the stock a “hold” rating in a report on Monday, June 8th. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. National Bank Financial raised their target price on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of “Hold” and an average target price of C$285.69.

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Bombardier, Inc. Class B Stock Up 0.8%

Bombardier, Inc. Class B stock traded up C$2.74 during mid-day trading on Monday, hitting C$328.16. 310,940 shares of the company’s stock traded hands, compared to its average volume of 365,799. The firm has a 50 day moving average price of C$288.90 and a 200 day moving average price of C$262.50. The company has a market cap of C$32.37 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 6.26 and a beta of 1.99. Bombardier, Inc. Class B has a one year low of C$116.45 and a one year high of C$341.00.

Bombardier, Inc. Class B Company Profile

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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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