Bombardier, Inc. Class B (TSE:BBD.B) Given New C$296.00 Price Target at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.B) had its target price raised by stock analysts at National Bank Financial from C$286.00 to C$296.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 3.03% from the stock’s current price.

Other research analysts have also issued reports about the stock. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from C$295.00 to C$305.00 in a research note on Friday. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday. Desjardins increased their price target on Bombardier, Inc. Class B from C$304.00 to C$324.00 and gave the company a “buy” rating in a research report on Friday. TD Securities increased their price target on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce raised their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Stock Performance

Shares of Bombardier, Inc. Class B stock traded down C$1.35 during trading hours on Friday, reaching C$287.29. The company’s stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. Bombardier, Inc. Class B has a one year low of C$81.02 and a one year high of C$297.42. The company has a market capitalization of C$28.44 billion, a P/E ratio of 32.10, a P/E/G ratio of 6.26 and a beta of 1.80. The stock’s fifty day simple moving average is C$254.31 and its two-hundred day simple moving average is C$237.17.

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.