Bombardier, Inc. Class B (TSE:BBD.B) Given New C$315.00 Price Target at UBS Group

Bombardier, Inc. Class B (TSE:BBD.B) had its target price hoisted by equities research analysts at UBS Group from C$253.00 to C$315.00 in a report released on Friday,BayStreet.CA reports. UBS Group’s price objective indicates a potential upside of 9.65% from the company’s current price.

A number of other equities analysts have also weighed in on BBD.B. The Goldman Sachs Group lowered 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 research note on Monday, January 26th. TD Securities raised their price target on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce raised their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday. Royal Bank Of Canada raised their price objective on Bombardier, Inc. Class B from C$287.00 to C$298.00 in a report on Monday, April 13th. Finally, National Bank Financial cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 16th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$278.08.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B traded down C$1.35 during trading hours on Friday, hitting C$287.29. The company had a trading volume of 328,692 shares, compared to its average volume of 368,279. Bombardier, Inc. Class B has a 52 week low of C$81.02 and a 52 week high of C$297.42. The firm has a 50 day simple moving average of C$254.31 and a 200 day simple moving average of C$237.17. The firm has a market capitalization of C$28.44 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 6.26 and a beta of 1.80.

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.