Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Royal Bank of Canada from C$101.00 to C$108.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 25.93% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Bombardier, Inc. Class B from C$110.00 to C$100.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. CIBC lowered their price target on shares of Bombardier, Inc. Class B from C$110.00 to C$106.00 in a report on Monday, April 21st. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Citigroup lowered their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research note on Monday, February 3rd. Finally, Desjardins decreased their target price on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$113.67.

Bombardier, Inc. Class B Price Performance

BBD.B stock opened at C$85.76 on Friday. Bombardier, Inc. Class B has a 1 year low of C$69.90 and a 1 year high of C$113.60. The company has a market cap of C$7.42 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock’s fifty day moving average price is C$83.67 and its 200-day moving average price is C$92.04.

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.