Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) Price Target at C$309.00

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$309.00.

BBD.B has been the topic of several recent analyst reports. Desjardins lifted their target price on shares of Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Canadian Imperial Bank of Commerce increased their price target on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday, May 1st. Royal Bank Of Canada lifted their price target on Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Scotiabank raised Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from C$295.00 to C$305.00 in a research report on Friday, May 1st. Finally, TD upped their price objective on Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the company a “hold” rating in a research note on Monday, August 3rd.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock opened at C$321.70 on Tuesday. Bombardier, Inc. Class B has a fifty-two week low of C$150.81 and a fifty-two week high of C$377.77. The firm’s 50-day simple moving average is C$337.36 and its 200 day simple moving average is C$291.72. The stock has a market cap of C$31.74 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 6.26 and a beta of 1.94.

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.