TD Securities Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$280.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by investment analysts at TD Securities from C$276.00 to C$280.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 15.44% from the company’s current price.

Several other brokerages have also commented on BBD.B. National Bank Financial boosted their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. Royal Bank Of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. BMO Capital Markets increased 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 report on Wednesday, January 21st. The Goldman Sachs Group downgraded shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from C$184.00 to C$191.00 in a report on Monday, January 26th. Finally, Scotiabank downgraded Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. Six investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$256.50.

Bombardier, Inc. Class B Stock Down 0.5%

Shares of BBD.B opened at C$242.54 on Friday. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$276.18. The stock has a market cap of C$24.06 billion, a PE ratio of 65.73, a P/E/G ratio of 6.26 and a beta of 1.42. The business’s 50-day moving average price is C$241.89 and its 200-day moving average price is C$206.59.

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.