TD Securities Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price raised by research analysts at TD Securities from C$181.00 to C$197.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 0.29% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Citigroup lifted their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a “buy” rating in a report on Monday, July 21st. Desjardins raised their price target on Bombardier, Inc. Class B from C$236.00 to C$239.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research report on Friday, August 8th. CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research report on Friday. Finally, Scotiabank raised their price objective on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and a consensus target price of C$208.80.

Bombardier, Inc. Class B Stock Down 0.5%

Shares of BBD.B traded down C$0.98 during trading hours on Friday, reaching C$196.44. 482,375 shares of the company traded hands, compared to its average volume of 538,211. The stock has a fifty day simple moving average of C$184.41 and a 200 day simple moving average of C$146.18. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$204.50. The stock has a market capitalization of C$19.49 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 6.26 and a beta of 1.41.

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.