Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High – Still a Buy?

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$283.99 and last traded at C$282.10, with a volume of 130027 shares changing hands. The stock had previously closed at C$281.89.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on 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. Canadian Imperial Bank of Commerce decreased their target price on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday, February 13th. BMO Capital Markets lifted their price target on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. Finally, The Goldman Sachs Group downgraded shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their target price for the company from C$184.00 to C$191.00 in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$256.50.

Check Out Our Latest Analysis on BBD.B

Bombardier, Inc. Class B Stock Performance

The stock has a 50-day moving average of C$252.45 and a two-hundred day moving average of C$215.67. The company has a market cap of C$27.50 billion, a P/E ratio of 31.04, a P/E/G ratio of 6.26 and a beta of 1.42.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

Further Reading

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