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

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$276.58 and last traded at C$275.34, with a volume of 106556 shares changing hands. The stock had previously closed at C$268.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BBD.B shares. Canadian Imperial Bank of Commerce lowered their price target on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research report on Friday, February 13th. TD Securities raised their price target on shares of 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. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Raymond James Financial lifted their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Hold” and an average price target of C$256.50.

View Our Latest Stock Report on BBD.B

Bombardier, Inc. Class B Stock Performance

The firm has a market capitalization of C$27.41 billion, a P/E ratio of 30.94, a P/E/G ratio of 6.26 and a beta of 1.42. The stock has a fifty day moving average price of C$246.14 and a two-hundred day moving average price of C$209.79.

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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