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

Shares of Bombardier, Inc. Class B (TSE:BBD.B) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$246.20 and last traded at C$245.58, with a volume of 59955 shares trading hands. The stock had previously closed at C$240.69.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BBD.B shares. TD Securities raised their price target on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the company a “hold” rating in a report on Friday, November 7th. Royal Bank Of Canada raised their target price on Bombardier, Inc. Class B from C$230.00 to C$263.00 in a research note on Wednesday, December 10th. Scotiabank lifted their price target on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the company an “outperform” rating in a report on Friday, November 7th. CIBC increased their price objective on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a report on Friday, November 7th. Finally, Desjardins raised their price objective on shares of Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$229.91.

Bombardier, Inc. Class B Stock Performance

The company has a market cap of C$24.45 billion, a price-to-earnings ratio of 66.80, a PEG ratio of 6.26 and a beta of 1.64. The firm’s 50-day moving average price is C$219.43 and its 200 day moving average price is C$184.86.

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.