Desjardins Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$364.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by investment analysts at Desjardins from C$324.00 to C$364.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 20.29% from the company’s previous close.

A number of other brokerages have also recently commented on BBD.B. UBS Group boosted their price objective on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday, May 1st. National Bank Financial boosted their price objective on Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Canadian Imperial Bank of Commerce upped their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st. TD Securities upped their target price on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$281.77.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B traded down C$3.23 during midday trading on Wednesday, hitting C$302.60. 125,833 shares of the company’s stock traded hands, compared to its average volume of 371,451. The firm’s fifty day moving average price is C$273.95 and its two-hundred day moving average price is C$254.78. The company has a market cap of C$29.85 billion, a PE ratio of 33.51, a P/E/G ratio of 6.26 and a beta of 1.99. Bombardier, Inc. Class B has a twelve month low of C$101.25 and a twelve month high of C$329.16.

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.