Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$230.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by investment analysts at Scotiabank from C$190.00 to C$230.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 17.08% from the stock’s previous close.

A number of other research firms have also weighed in on BBD.B. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Citigroup boosted their price target on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a “buy” rating in a report on Monday, July 21st. TD Securities raised their price objective on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the stock a “hold” rating in a report on Friday. National Bankshares upped their target price on Bombardier, Inc. Class B from C$216.00 to C$234.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$208.80.

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded down C$0.98 during trading on Friday, hitting C$196.44. The stock had a trading volume of 482,375 shares, compared to its average volume of 538,211. The company’s 50 day moving average price is C$184.41 and its two-hundred day moving average price is C$146.18. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$204.50. The stock has a market cap of C$19.49 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 6.26 and a beta of 1.41.

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.