Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$348.46 and last traded at C$348.39, with a volume of 58964 shares. The stock had previously closed at C$341.50.

Analyst Upgrades and Downgrades

BBD.B has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Desjardins upped their price objective on shares of Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. TD increased their target price on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a report on Monday, June 8th. UBS Group lifted 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. Finally, Canadian Imperial Bank of Commerce boosted 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 analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and an average price target of C$297.67.

Bombardier, Inc. Class B Stock Performance

The firm has a market cap of C$34.67 billion, a PE ratio of 38.91, a PEG ratio of 6.26 and a beta of 1.93. The company’s 50-day simple moving average is C$310.77 and its two-hundred day simple moving average is C$274.20.

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.