Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B) reached a new 52-week high on Wednesday . The stock traded as high as C$228.60 and last traded at C$228.00, with a volume of 371240 shares. The stock had previously closed at C$224.12.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. CIBC lifted their target price on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research note on Friday, November 7th. BMO Capital Markets lifted their price objective on Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research report on Monday, November 10th. Royal Bank Of Canada set a C$230.00 price objective on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research note on Wednesday, November 19th. Finally, TD Securities lifted their price target on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the company a “hold” rating in a report on Friday, November 7th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$218.30.

Bombardier, Inc. Class B Stock Up 2.0%

The firm has a market capitalization of C$23.11 billion, a price-to-earnings ratio of 63.14, a price-to-earnings-growth ratio of 6.26 and a beta of 1.41. The company’s fifty day moving average is C$200.43 and its two-hundred day moving average is C$159.53.

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.