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

Bombardier, Inc. Class B (TSE:BBD.B)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$236.23 and last traded at C$235.65, with a volume of 156975 shares changing hands. The stock had previously closed at C$230.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BBD.B shares. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research report on Tuesday. Royal Bank Of Canada set a C$230.00 price target on shares of Bombardier, Inc. Class B and gave the company an “outperform” rating in a report on Tuesday, November 25th. CIBC upped their price objective on Bombardier, Inc. Class B from C$222.00 to C$230.00 in a report on Friday, November 7th. TD Securities increased their target price on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$225.00.

Bombardier, Inc. Class B Stock Performance

The company’s fifty day moving average is C$203.61 and its two-hundred day moving average is C$163.88. The firm has a market cap of C$23.32 billion, a price-to-earnings ratio of 63.72, 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.