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

Bombardier, Inc. Class B (TSE:BBD.BFree Report) had its price target raised by UBS Group from C$253.00 to C$315.00 in a report issued on Friday,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada upped their target price on Bombardier, Inc. Class B from C$287.00 to C$298.00 in a research note on Monday, April 13th. BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce upped their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday. The Goldman Sachs Group downgraded Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and upped their target price for the stock from C$184.00 to C$191.00 in a research note on Monday, January 26th. Finally, TD Securities upped their target price on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Six equities 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 stock. According to data from MarketBeat, Bombardier, Inc. Class B presently has an average rating of “Hold” and an average target price of C$278.08.

Read Our Latest Analysis on BBD.B

Bombardier, Inc. Class B Price Performance

TSE:BBD.B traded down C$2.81 during trading hours on Friday, reaching C$285.83. The company had a trading volume of 462,588 shares, compared to its average volume of 370,019. Bombardier, Inc. Class B has a 1-year low of C$81.02 and a 1-year high of C$297.42. The firm has a market cap of C$28.30 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80. The business’s 50 day moving average price is C$254.31 and its 200-day moving average price is C$237.17.

Bombardier, Inc. Class B News Roundup

Here are the key news stories impacting Bombardier, Inc. Class B this week:

  • Positive Sentiment: CIBC raised its target to C$295 (from C$288), implying ~3.3% upside versus the current level. BayStreet.CA
  • Positive Sentiment: UBS boosted its target to C$315 (from C$253), a sizeable raise implying ~10.3% upside. BayStreet.CA
  • Positive Sentiment: BMO Capital Markets raised its target to C$320 (from C$300), implying ~12.0% upside. BayStreet.CA
  • Positive Sentiment: Scotiabank upgraded Bombardier from “sector perform” to “sector outperform” and lifted its target to C$305 (from C$295), ~6.8% upside. BayStreet.CA Tickerreport
  • Positive Sentiment: RBC raised its target to C$332 (from C$298) and rates Bombardier “outperform,” implying ~16.2% upside. BayStreet.CA
  • Positive Sentiment: Desjardins raised its target to C$324 (from C$304) and maintains a “buy,” implying ~13.4% upside. BayStreet.CA
  • Neutral Sentiment: National Bank Financial raised its target to C$296 (from C$286) and keeps a “sector perform” rating, ~3.6% upside. BayStreet.CA
  • Negative Sentiment: TD lifted its target to C$284 (from C$275) but retains a “hold” rating; the target is marginally below the current price (~0.6% downside), which is the only item signaling limited upside. BayStreet.CA

Bombardier, Inc. Class B Company Profile

(Get Free Report)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

Further Reading

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.