Bombardier, Inc. Class B (TSE:BBD.B) Sets New 1-Year High – Should You Buy?

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$375.75 and last traded at C$375.75, with a volume of 19088 shares traded. The stock had previously closed at C$366.24.

Wall Street Analyst Weigh In

BBD.B has been the subject of a number of recent research reports. Royal Bank Of Canada upped their target price on Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. National Bank Financial lifted their price target on shares of Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, July 8th. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday, May 1st. TD boosted their price target on shares of Bombardier, Inc. Class B from C$292.00 to C$306.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Desjardins increased 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. Six research 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. According to MarketBeat, Bombardier, Inc. Class B has an average rating of “Moderate Buy” and an average price target of C$298.83.

Bombardier, Inc. Class B Stock Down 1.1%

The business has a fifty day simple moving average of C$322.40 and a two-hundred day simple moving average of C$279.46. The company has a market capitalization of C$36.45 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 6.26 and a beta of 1.93.

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.