Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High – Should You Buy?

Bombardier, Inc. Class B (TSE:BBD.B)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$341.00 and last traded at C$334.98, with a volume of 47321 shares. The stock had previously closed at C$325.42.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BBD.B. UBS Group lifted their target price on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. National Bank Financial upped their price target on Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Desjardins raised their price objective on Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday, May 1st. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$281.77.

Bombardier, Inc. Class B Stock Performance

The company’s 50-day moving average price is C$288.90 and its 200 day moving average price is C$262.50. The stock has a market capitalization of C$32.47 billion, a P/E ratio of 36.45, a P/E/G ratio of 6.26 and a beta of 1.99.

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.