Desjardins Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its target price raised by equities research analysts at Desjardins from C$186.00 to C$236.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 24.10% from the company’s previous close.

BBD.B has been the subject of several other reports. TD Securities upped their target price on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, August 1st. Citigroup upped their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a “buy” rating in a report on Monday, July 21st. CIBC upped their target price on Bombardier, Inc. Class B from C$181.00 to C$222.00 in a report on Wednesday, October 8th. National Bankshares upped their target price on Bombardier, Inc. Class B from C$179.00 to C$216.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada upped their target price on Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$200.20.

Bombardier, Inc. Class B Stock Down 2.2%

Shares of TSE:BBD.B opened at C$190.17 on Wednesday. The business has a fifty day moving average of C$175.32 and a two-hundred day moving average of C$133.98. The stock has a market cap of C$18.86 billion, a P/E ratio of 43.72, a PEG ratio of 6.26 and a beta of 1.85. 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.