Royal Bank Of Canada Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective raised by investment analysts at Royal Bank Of Canada from C$202.00 to C$230.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 20.91% from the stock’s current price.

Several other equities research analysts have also recently commented on BBD.B. Desjardins boosted their target price on Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a “buy” rating in a research note on Friday, August 1st. CIBC upped their price objective on Bombardier, Inc. Class B from C$181.00 to C$222.00 in a research note on Wednesday. BMO Capital Markets upped their price objective on Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Citigroup upped their price objective on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, National Bankshares upped their price objective on Bombardier, Inc. Class B from C$179.00 to C$216.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Moderate Buy” and an average target price of C$195.20.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B opened at C$190.22 on Thursday. The stock has a market capitalization of C$18.87 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 6.26 and a beta of 1.85. The stock’s 50 day moving average price is C$173.17 and its two-hundred day moving average price is C$130.95. Bombardier, Inc. Class B has a 52 week low of C$71.79 and a 52 week high of C$204.50.

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.