JPMorgan Chase & Co. Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$215.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from C$170.00 to C$215.00 in a research note issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 0.98% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. UBS Group increased their price target on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday, August 1st. National Bankshares upped their price objective on Bombardier, Inc. Class B from C$216.00 to C$234.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. TD Securities boosted their price objective on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the company a “hold” rating in a research note on Friday, November 7th. CIBC increased their price target on Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research note on Friday, November 7th. Finally, Scotiabank upped their target price on shares of Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$218.30.

Bombardier, Inc. Class B Stock Down 0.2%

Shares of Bombardier, Inc. Class B stock traded down C$0.53 on Wednesday, reaching C$212.92. The company’s stock had a trading volume of 130,522 shares, compared to its average volume of 531,279. The company has a market capitalization of C$21.12 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 6.26 and a beta of 1.41. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$219.98. The firm’s fifty day simple moving average is C$192.58 and its two-hundred day simple moving average is C$153.74.

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.