BMO Capital Markets Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its price target boosted by BMO Capital Markets from C$300.00 to C$320.00 in a research note released on Friday,BayStreet.CA reports.

A number of other research analysts also recently commented on BBD.B. TD Securities increased their price objective on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce increased their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday. The Goldman Sachs Group downgraded Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and increased their price objective for the company from C$184.00 to C$191.00 in a report on Monday, January 26th. Desjardins increased their price objective on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada increased their price objective on Bombardier, Inc. Class B from C$287.00 to C$298.00 in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$278.08.

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded down C$2.81 during mid-day trading on Friday, reaching C$285.83. The company had a trading volume of 462,588 shares, compared to its average volume of 370,019. The company has a market capitalization of C$28.30 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80. The firm has a fifty day simple moving average of C$254.31 and a 200 day simple moving average of C$237.17. Bombardier, Inc. Class B has a fifty-two week low of C$81.02 and a fifty-two week high of C$297.42.

Trending Headlines about Bombardier, Inc. Class B

Here are the key news stories impacting Bombardier, Inc. Class B this week:

• Positive Sentiment: CIBC raised its target to C$295 (from C$288), implying ~3.3% upside versus the current level. BayStreet.CA
• Positive Sentiment: UBS boosted its target to C$315 (from C$253), a sizeable raise implying ~10.3% upside. BayStreet.CA
• Positive Sentiment: BMO Capital Markets raised its target to C$320 (from C$300), implying ~12.0% upside. BayStreet.CA
• Positive Sentiment: Scotiabank upgraded Bombardier from “sector perform” to “sector outperform” and lifted its target to C$305 (from C$295), ~6.8% upside. BayStreet.CA Tickerreport
• Positive Sentiment: RBC raised its target to C$332 (from C$298) and rates Bombardier “outperform,” implying ~16.2% upside. BayStreet.CA
• Positive Sentiment: Desjardins raised its target to C$324 (from C$304) and maintains a “buy,” implying ~13.4% upside. BayStreet.CA
• Neutral Sentiment: National Bank Financial raised its target to C$296 (from C$286) and keeps a “sector perform” rating, ~3.6% upside. BayStreet.CA
• Negative Sentiment: TD lifted its target to C$284 (from C$275) but retains a “hold” rating; the target is marginally below the current price (~0.6% downside), which is the only item signaling limited upside. BayStreet.CA

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.