Bombardier, Inc. Class B (TSE:BBD.B) Sets New 12-Month High After Analyst Upgrade

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price reached a new 52-week high during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from C$170.00 to C$215.00. The company traded as high as C$220.18 and last traded at C$217.34, with a volume of 208927 shares trading hands. The stock had previously closed at C$212.80.

A number of other equities analysts have also recently weighed in on the stock. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$216.00 to C$234.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Desjardins increased their price target on shares of Bombardier, Inc. Class B from C$236.00 to C$239.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. UBS Group lifted their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday, August 1st. Scotiabank increased their price objective on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research report on Monday, November 10th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus target price of C$218.30.

Bombardier, Inc. Class B Trading Up 1.7%

The firm has a market capitalization of C$21.47 billion, a PE ratio of 58.67, a P/E/G ratio of 6.26 and a beta of 1.41. The business has a 50 day moving average price of C$193.67 and a 200-day moving average price of C$154.15.

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.