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

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by TD from C$306.00 to C$320.00 in a research report sent to investors on Monday,BayStreet.CA reports. TD currently has a hold rating on the stock.

A number of other equities analysts have also issued reports on the stock. BMO Capital Markets upped their target price on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. UBS Group boosted their price objective on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Desjardins upped their price objective on Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Scotiabank raised Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from C$295.00 to C$305.00 in a research note on Friday, May 1st. Finally, National Bank Financial upped their price target on Bombardier, Inc. Class B from C$349.00 to C$379.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Five research 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’s stock. According to MarketBeat, Bombardier, Inc. Class B currently has an average rating of “Hold” and a consensus target price of C$309.00.

Bombardier, Inc. Class B Stock Down 1.0%

Shares of TSE BBD.B opened at C$359.81 on Monday. The firm’s 50-day simple moving average is C$329.15 and its 200 day simple moving average is C$283.63. The company has a market cap of C$35.50 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 6.26 and a beta of 1.93. Bombardier, Inc. Class B has a 12-month low of C$150.81 and a 12-month high of C$377.77.

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.