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

Bombardier, Inc. Class B (TSE:BBD.B)’s share price hit a new 52-week high on Monday . The stock traded as high as C$375.75 and last traded at C$375.75, with a volume of 19088 shares trading hands. The stock had previously closed at C$366.24.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BBD.B shares. Royal Bank Of Canada increased their price target on Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. National Bank Financial boosted their price objective on Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the company a “sector outperform” rating in a research report on Wednesday, July 8th. Canadian Imperial Bank of Commerce upped their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday, May 1st. Scotiabank upgraded Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from C$295.00 to C$305.00 in a research report on Friday, May 1st. Finally, TD lifted their price target on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a research note on Monday, June 8th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$297.67.

Bombardier, Inc. Class B Trading Up 0.2%

The stock has a market cap of C$36.20 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 6.26 and a beta of 1.93. The firm’s 50-day moving average is C$318.11 and its two-hundred day moving average is C$277.57.

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.