Bombardier, Inc. Class B (TSE:BBD.B) Hits 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 Monday . The stock traded as high as C$341.39 and last traded at C$341.39, with a volume of 190790 shares changing hands. The stock had previously closed at C$324.99.

Analyst Ratings Changes

A number of brokerages recently commented on BBD.B. Desjardins raised 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. TD increased their price target on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce boosted their target price on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday, May 1st. National Bank Financial upped their target price on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Scotiabank raised Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from C$295.00 to C$305.00 in a research report on Friday, May 1st. Six 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$285.69.

Bombardier, Inc. Class B Stock Performance

The stock has a 50 day moving average of C$295.61 and a 200 day moving average of C$266.26. The stock has a market capitalization of C$33.68 billion, a P/E ratio of 37.81, a P/E/G ratio of 6.26 and a beta of 1.93.

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.