Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High – Here’s What Happened

Bombardier, Inc. Class B (TSE:BBD.B)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$299.00 and last traded at C$293.10, with a volume of 42464 shares trading hands. The stock had previously closed at C$296.66.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and lifted their price target for the company from C$184.00 to C$191.00 in a research note on Monday, January 26th. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from C$295.00 to C$305.00 in a research note on Friday, May 1st. TD lifted their price target on shares of Bombardier, Inc. Class B from C$275.00 to C$284.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce lifted their price target on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday, May 1st. Finally, Desjardins lifted their price objective on shares of Bombardier, Inc. Class B from C$304.00 to C$324.00 and gave the company a “buy” rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Price Performance

The company’s fifty day moving average is C$255.51 and its 200-day moving average is C$239.92. The company has a market capitalization of C$28.51 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 6.26 and a beta of 1.96.

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.