Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 1-Year High – Here’s What Happened

Bombardier, Inc. Class B (TSE:BBD.B) shares reached a new 52-week high on Monday . The stock 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Desjardins increased their price objective on shares of Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Canadian Imperial Bank of Commerce increased their price target on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st. TD raised their price target on Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the stock a “hold” rating in a research note on Monday, June 8th. National Bank Financial lifted their price objective on Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$281.77.

Bombardier, Inc. Class B Stock Up 1.2%

The business’s fifty day moving average is C$288.90 and its 200-day moving average is C$262.50. The company has a market cap of C$32.47 billion, a PE ratio of 36.45, a P/E/G ratio of 6.26 and a beta of 1.99.

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.