Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High Following Analyst Upgrade

Bombardier, Inc. Class B (TSE:BBD.B)’s share price reached a new 52-week high during trading on Monday after Royal Bank Of Canada raised their price target on the stock from C$263.00 to C$287.00. Royal Bank Of Canada currently has an outperform rating on the stock. Bombardier, Inc. Class B traded as high as C$250.81 and last traded at C$249.78, with a volume of 252855 shares. The stock had previously closed at C$246.75.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. increased their price objective on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. TD Securities raised their price objective on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Raymond James Financial lifted their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Desjardins boosted their target price on Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, National Bankshares raised their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$232.09.

Bombardier, Inc. Class B Stock Performance

The stock’s fifty day simple moving average is C$223.94 and its 200-day simple moving average is C$189.42. The stock has a market cap of C$24.77 billion, a P/E ratio of 67.69, a P/E/G ratio of 6.26 and a beta of 1.64.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.