Desjardins Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$305.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price lifted by research analysts at Desjardins from C$260.00 to C$305.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 25.95% from the company’s previous close.

BBD.B has been the subject of several other reports. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research note on Wednesday, November 19th. CIBC World Markets cut their price target on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday. Finally, Raymond James Financial boosted their price objective on 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. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$259.08.

Bombardier, Inc. Class B Stock Down 0.6%

TSE:BBD.B traded down C$1.55 during mid-day trading on Friday, hitting C$242.16. 300,117 shares of the company traded hands, compared to its average volume of 385,605. The stock’s fifty day moving average price is C$241.60 and its 200-day moving average price is C$205.70. The firm has a market cap of C$24.02 billion, a price-to-earnings ratio of 65.63, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42. 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.