Bombardier, Inc. Class B (TSE:BBD.B) Given New C$332.00 Price Target at Royal Bank Of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its target price raised by Royal Bank Of Canada from C$298.00 to C$332.00 in a report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on BBD.B. The Goldman Sachs Group lowered Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and upped their target price for the company from C$184.00 to C$191.00 in a report on Monday, January 26th. UBS Group upped their target price on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a report on Friday. BMO Capital Markets upped their target price on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday. TD Securities upped their target price on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Desjardins upped their target price on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 13th. Six 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 data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Trading Down 1.0%

Bombardier, Inc. Class B stock traded down C$2.81 during midday trading on Friday, hitting C$285.83. The stock had a trading volume of 462,588 shares, compared to its average volume of 370,019. The stock has a market cap of C$28.30 billion, a P/E ratio of 31.94, a P/E/G ratio of 6.26 and a beta of 1.80. Bombardier, Inc. Class B has a 12 month low of C$81.02 and a 12 month high of C$297.42. The business has a fifty day moving average price of C$254.31 and a 200 day moving average price of C$237.17.

Trending Headlines about Bombardier, Inc. Class B

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

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.