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

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$284.69 and last traded at C$284.19, with a volume of 770052 shares traded. The stock had previously closed at C$239.31.

Bombardier, Inc. Class B News Roundup

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

Analyst Ratings Changes

Several equities analysts recently commented on BBD.B shares. TD raised their target price on Bombardier, Inc. Class B from C$275.00 to C$284.00 and gave the stock a “hold” rating in a research report on Friday. The Goldman Sachs Group downgraded Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their target price for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th. BMO Capital Markets raised their target price on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday. TD Securities raised their target price on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Finally, UBS Group raised their target price on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Trading Down 1.0%

The stock has a fifty day moving average of C$254.31 and a two-hundred day moving average of C$237.17. The stock has a market capitalization of C$28.30 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 6.26 and a beta of 1.80.

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.