Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, UBS Group Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by equities researchers at UBS Group from C$83.00 to C$91.00 in a note issued to investors on Friday,BayStreet.CA reports. UBS Group’s target price suggests a potential upside of 6.11% from the company’s previous close.

A number of other analysts also recently weighed in on BBD.B. Royal Bank of Canada reduced their price target on shares of Bombardier, Inc. Class B from C$116.00 to C$101.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Desjardins lowered their target price on Bombardier, Inc. Class B from C$145.00 to C$142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Citigroup dropped 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. JPMorgan Chase & Co. decreased 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. Finally, National Bankshares boosted 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 report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and an average target price of C$113.67.

Bombardier, Inc. Class B Price Performance

Bombardier, Inc. Class B stock opened at C$85.76 on Friday. Bombardier, Inc. Class B has a fifty-two week low of C$69.90 and a fifty-two week high of C$113.60. The firm has a market cap of C$7.42 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 6.26 and a beta of 2.98. The firm has a fifty day moving average price of C$83.67 and a two-hundred day moving average price of 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.