Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$303.25 and last traded at C$299.96, with a volume of 86742 shares. The stock had previously closed at C$295.92.

Analysts Set New Price Targets

Several brokerages recently commented on BBD.B. The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and upped their price target for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on shares of Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$304.00 to C$324.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Scotiabank upgraded Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from C$295.00 to C$305.00 in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of “Hold” and an average target price of C$278.08.

Bombardier, Inc. Class B Stock Down 0.7%

The stock has a 50 day simple moving average of C$259.15 and a 200 day simple moving average of C$246.81. The company has a market cap of C$28.99 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 6.26 and a beta of 1.96.

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.