Brokerages Set Bombardier, Inc. Class B (TSE:BBD.B) Target Price at C$256.50

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$256.50.

Several brokerages have recently issued reports on BBD.B. BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered their target price on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a report on Friday, February 13th. National Bank Financial dropped their price target on Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lifted their price target on Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a research note on Monday, January 12th.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock opened at C$239.74 on Friday. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$283.99. The company’s 50 day moving average price is C$254.79 and its two-hundred day moving average price is C$224.13. The company has a market capitalization of C$23.73 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 6.26 and a beta of 1.70.

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.