Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 12-Month High – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$341.39 and last traded at C$341.39, with a volume of 190790 shares trading hands. The stock had previously closed at C$324.99.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD boosted their target price on Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the stock a “hold” rating in a report on Monday, June 8th. Scotiabank upgraded Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from C$295.00 to C$305.00 in a report on Friday, May 1st. National Bank Financial lifted their target price on Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the stock a “sector outperform” rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$289.77.

Bombardier, Inc. Class B Trading Down 2.1%

The stock has a 50-day moving average of C$299.68 and a two-hundred day moving average of C$268.02. The firm has a market cap of C$33.48 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 6.26 and a beta of 1.93.

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.