JPMorgan Chase & Co. Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$350.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by research analysts at JPMorgan Chase & Co. from C$295.00 to C$350.00 in a report released on Monday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 16.52% from the company’s previous close.

Other analysts also recently issued research reports about the company. National Bank Financial raised their price objective on Bombardier, Inc. Class B from C$349.00 to C$379.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. BMO Capital Markets increased their price target on 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. Royal Bank Of Canada raised their price target on Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. TD lifted their price objective on Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Desjardins boosted their price objective on 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. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$320.25.

Bombardier, Inc. Class B Trading Down 5.8%

Shares of TSE:BBD.B traded down C$18.48 during mid-day trading on Monday, reaching C$300.39. The stock had a trading volume of 197,423 shares, compared to its average volume of 349,459. The firm has a 50 day simple moving average of C$338.38 and a two-hundred day simple moving average of C$293.84. Bombardier, Inc. Class B has a twelve month low of C$150.81 and a twelve month high of C$377.77. The firm has a market cap of C$29.63 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 6.26 and a beta of 1.94.

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.