National Bankshares Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lifted by research analysts at National Bankshares from C$216.00 to C$234.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 19.12% from the company’s previous close.

Several other research analysts have also recently commented on BBD.B. Scotiabank boosted their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. UBS Group lifted their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st. TD Securities increased their target price on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a “hold” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price target on Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, CIBC upped their price objective on Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$208.80.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B traded down C$0.98 during mid-day trading on Friday, hitting C$196.44. 482,375 shares of the company’s stock were exchanged, compared to its average volume of 538,211. The company has a market cap of C$19.49 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 6.26 and a beta of 1.41. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$204.50. The stock’s 50-day moving average is C$184.41 and its 200-day moving average is C$146.18.

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.