Bombardier, Inc. Class B (TSE:BBD.B) Sets New 1-Year High – Should You Buy?

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$348.46 and last traded at C$348.39, with a volume of 58964 shares changing hands. The stock had previously closed at C$341.50.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BBD.B shares. 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 report on Wednesday, June 10th. National Bank Financial boosted their target price on Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the company a “sector outperform” rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce upped their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st. Royal Bank Of Canada upped their target price on Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$297.67.

Bombardier, Inc. Class B Trading Up 2.9%

The company has a market cap of C$34.67 billion, a PE ratio of 38.91, a P/E/G ratio of 6.26 and a beta of 1.93. The firm has a 50 day moving average of C$310.77 and a two-hundred day moving average of C$274.20.

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.