Bombardier, Inc. Class B (TSE:BBD.B) Sets New 12-Month High – Time to Buy?

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on BBD.B. TD raised their price target on Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a report on Monday, June 8th. BMO Capital Markets raised their target price on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. National Bank Financial boosted their price target on shares of Bombardier, Inc. Class B from C$296.00 to C$349.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce increased their price objective on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st. Finally, Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from C$295.00 to C$305.00 in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$297.67.

Bombardier, Inc. Class B Trading Down 0.3%

The company has a market capitalization of C$34.80 billion, a P/E ratio of 39.06, a PEG ratio of 6.26 and a beta of 1.93. The business has a 50 day moving average price of C$314.15 and a 200 day moving average price of C$275.89.

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.