Desjardins Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$364.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by investment analysts at Desjardins from C$324.00 to C$364.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 20.29% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. UBS Group increased their price target on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from C$295.00 to C$305.00 in a research report on Friday, May 1st. National Bank Financial increased their price target on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets increased their price target on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$281.77.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B traded down C$3.23 on Wednesday, hitting C$302.60. 125,833 shares of the company were exchanged, compared to its average volume of 371,451. The company’s 50 day moving average price is C$273.95 and its two-hundred day moving average price is C$254.78. Bombardier, Inc. Class B has a one year low of C$101.25 and a one year high of C$329.16. The firm has a market capitalization of C$29.85 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 6.26 and a beta of 1.99.

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.