Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$305.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective upped by equities research analysts at Desjardins from C$260.00 to C$305.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 25.95% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. BMO Capital Markets increased their price objective on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Raymond James Financial boosted their target price 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. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$230.00 to C$295.00 in a research note on Wednesday, January 21st. Finally, TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B has an average rating of “Hold” and an average price target of C$259.08.

Bombardier, Inc. Class B Stock Down 0.6%

Shares of TSE BBD.B traded down C$1.55 during midday trading on Friday, hitting C$242.16. The stock had a trading volume of 300,117 shares, compared to its average volume of 385,605. The business’s 50 day moving average is C$241.60 and its 200-day moving average is C$205.70. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$276.18. The company has a market cap of C$24.02 billion, a P/E ratio of 65.63, a PEG ratio of 6.26 and a beta of 1.42.

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.