Desjardins Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$305.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target upped by equities research analysts at Desjardins from C$260.00 to C$305.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 25.75% from the stock’s current price.

Several other research analysts also recently commented on the company. Canadian Imperial Bank of Commerce reduced their price objective on Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday. The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and upped their target price for the stock from C$184.00 to C$191.00 in a report on Monday, January 26th. BMO Capital Markets raised their price target on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Raymond James Financial boosted their price target on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, TD Securities increased their price objective on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$256.50.

Bombardier, Inc. Class B Price Performance

Shares of Bombardier, Inc. Class B stock opened at C$242.54 on Friday. The stock has a market capitalization of C$24.06 billion, a P/E ratio of 65.73, a PEG ratio of 6.26 and a beta of 1.42. The business has a 50 day simple moving average of C$241.89 and a two-hundred day simple moving average of C$206.59. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$276.18.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.