Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High – What’s Next?

Shares of Bombardier, Inc. Class B (TSE:BBD.B) reached a new 52-week high during trading on Thursday . The stock traded as high as C$299.00 and last traded at C$293.10, with a volume of 42464 shares. The stock had previously closed at C$296.66.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a report on Friday, May 1st. The Goldman Sachs Group downgraded shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from C$184.00 to C$191.00 in a research report on Monday, January 26th. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from C$295.00 to C$305.00 in a research report on Friday, May 1st. Desjardins lifted their price objective on shares of Bombardier, Inc. Class B from C$304.00 to C$324.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, TD Securities lifted their price objective on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Stock Performance

The firm’s fifty day simple moving average is C$255.11 and its 200-day simple moving average is C$239.19. The stock has a market cap of C$28.90 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 6.26 and a beta of 1.96.

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.