TD Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$284.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price upped by stock analysts at TD from C$275.00 to C$284.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price target indicates a potential downside of 1.15% from the company’s current price.

Several other research analysts have also commented on BBD.B. TD Securities lifted their price target on 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. Desjardins lifted their price target on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Scotiabank upgraded Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from C$295.00 to C$305.00 in a research report on Friday. National Bank Financial lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 16th. Finally, UBS Group lifted their price target on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday. Six research 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$278.08.

Bombardier, Inc. Class B Stock Down 0.5%

BBD.B traded down C$1.35 on Friday, hitting C$287.29. The company had a trading volume of 328,692 shares, compared to its average volume of 368,279. The company has a market cap of C$28.44 billion, a PE ratio of 32.10, a PEG ratio of 6.26 and a beta of 1.80. Bombardier, Inc. Class B has a 12-month low of C$81.02 and a 12-month high of C$297.42. The business’s fifty day simple moving average is C$254.31 and its 200 day simple moving average is C$237.17.

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.