Bombardier, Inc. Class B (TSE:BBD.B) Sets New 1-Year High on Analyst Upgrade

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report)’s share price reached a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from C$332.00 to C$383.00. Royal Bank Of Canada currently has an outperform rating on the stock. Bombardier, Inc. Class B traded as high as C$341.00 and last traded at C$334.98, with a volume of 47321 shares changing hands. The stock had previously closed at C$325.42.

Several other equities research analysts also recently commented on BBD.B. National Bank Financial boosted their target price on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. TD raised their price target on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a research report on Monday, June 8th. UBS Group lifted their price target on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday, May 1st. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday, May 1st. Finally, Desjardins increased their price objective on Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Six research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$285.69.

Get Our Latest Research Report on Bombardier, Inc. Class B

Bombardier, Inc. Class B Trading Down 1.0%

The company’s 50-day simple moving average is C$291.49 and its 200 day simple moving average is C$264.09. The stock has a market cap of C$32.21 billion, a P/E ratio of 36.16, a PEG ratio of 6.26 and a beta of 1.99.

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.

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