Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 1-Year High – Still a Buy?

Bombardier, Inc. Class B (TSE:BBD.B) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$246.20 and last traded at C$245.58, with a volume of 59955 shares changing hands. The stock had previously closed at C$240.69.

Wall Street Analysts Forecast Growth

BBD.B has been the topic of a number of recent analyst reports. National Bankshares lifted their price target on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research report on Tuesday, December 2nd. Royal Bank Of Canada raised their price objective on Bombardier, Inc. Class B from C$230.00 to C$263.00 in a research note on Wednesday, December 10th. Desjardins boosted their target price on Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Scotiabank increased their price target on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Raymond James Financial raised their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B has an average rating of “Moderate Buy” and an average price target of C$229.91.

Bombardier, Inc. Class B Trading Up 2.4%

The stock has a market cap of C$24.45 billion, a price-to-earnings ratio of 66.80, a P/E/G ratio of 6.26 and a beta of 1.64. The company has a 50 day simple moving average of C$219.43 and a 200-day simple moving average of C$184.86.

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.