Bombardier, Inc. Class B (TSE:BBD.B) Given New C$298.00 Price Target at Royal Bank Of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lifted by Royal Bank Of Canada from C$287.00 to C$298.00 in a report issued on Monday,BayStreet.CA reports.

BBD.B has been the subject of several other research reports. Desjardins increased their price target on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$230.00 to C$295.00 in a report on Wednesday, January 21st. The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and upped their price objective for the stock from C$184.00 to C$191.00 in a report on Monday, January 26th. TD Securities upped their price objective on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, National Bank Financial decreased their price objective on shares of Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Moderate Buy” and a consensus price target of C$257.42.

Bombardier, Inc. Class B Stock Down 0.3%

Shares of BBD.B opened at C$257.17 on Monday. The stock has a market capitalization of C$25.46 billion, a P/E ratio of 28.73, a PEG ratio of 6.26 and a beta of 1.80. The firm has a fifty day simple moving average of C$252.56 and a two-hundred day simple moving average of C$232.13. Bombardier, Inc. Class B has a twelve month low of C$81.02 and a twelve month high of C$283.99.

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.