Bombardier, Inc. Class B (TSE:BBD.B) PT Set at C$230.00 by Royal Bank Of Canada

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned a C$230.00 price objective by equities researchers at Royal Bank Of Canada in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 0.66% from the company’s previous close.

Several other analysts also recently commented on BBD.B. BMO Capital Markets increased their price objective on Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research note on Monday, November 10th. UBS Group upped their price target on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday, August 1st. Desjardins raised their price objective on Bombardier, Inc. Class B from C$236.00 to C$239.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Scotiabank upped their target price on shares of Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$218.30.

Bombardier, Inc. Class B Stock Performance

Shares of TSE BBD.B opened at C$228.50 on Tuesday. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$229.74. The stock has a market cap of C$22.66 billion, a price-to-earnings ratio of 61.92, a PEG ratio of 6.26 and a beta of 1.41. The firm’s 50-day simple moving average is C$199.30 and its 200 day simple moving average is C$159.01.

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.