Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$320.00 at BMO Capital Markets

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by analysts at BMO Capital Markets from C$300.00 to C$320.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 11.39% from the company’s current price.

BBD.B has been the subject of a number of other research reports. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their price objective for the stock from C$184.00 to C$191.00 in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce increased their target price on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday. National Bank Financial downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 16th. Finally, TD Securities increased 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 research report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock traded down C$1.35 during midday trading on Friday, reaching C$287.29. The stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. The firm’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 has a twelve month low of C$81.02 and a twelve month high of C$297.42. The firm has a market cap of C$28.44 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 6.26 and a beta of 1.80.

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.