Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$278.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by stock analysts at TD Securities from C$203.00 to C$278.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 1.75% from the company’s previous close.

Several other research firms have also recently commented on BBD.B. JPMorgan Chase & Co. boosted their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. National Bankshares boosted their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. Royal Bank Of Canada upped their price objective on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Raymond James Financial lifted their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, CIBC boosted their price target on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research note on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$239.45.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B traded down C$2.16 during trading hours on Monday, hitting C$273.21. The stock had a trading volume of 108,096 shares, compared to its average volume of 347,568. The company has a 50 day simple moving average of C$229.95 and a two-hundred day simple moving average of C$194.16. The firm has a market capitalization of C$27.10 billion, a price-to-earnings ratio of 74.04, a P/E/G ratio of 6.26 and a beta of 1.64. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$276.18.

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.