Analysts Set Bombardier, Inc. Class B (TSE:BBD.B) Target Price at C$309.00

Shares of Bombardier, Inc. Class B (TSE:BBD.B) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$309.00.

Several brokerages have commented on BBD.B. Scotiabank raised 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 report on Friday, May 1st. National Bank Financial increased their target price on Bombardier, Inc. Class B from C$349.00 to C$379.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. UBS Group lifted their price target on shares of 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 target on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st.

Bombardier, Inc. Class B Stock Down 0.8%

TSE:BBD.B opened at C$336.92 on Tuesday. Bombardier, Inc. Class B has a 52 week low of C$150.81 and a 52 week high of C$377.77. The stock’s 50-day moving average price is C$336.49 and its 200-day moving average price is C$290.42. The stock has a market capitalization of C$33.24 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 6.26 and a beta of 1.94.

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.