BMO Capital Markets Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$300.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by investment analysts at BMO Capital Markets from C$240.00 to C$300.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 12.72% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial lifted their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a report on Monday, January 12th. National Bankshares boosted their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. TD Securities lifted their price objective on Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the stock a “hold” rating in a research report on Monday. Finally, CIBC cut Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$230.00 to C$290.00 in a report on Wednesday. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and a consensus price target of C$256.27.

Bombardier, Inc. Class B Stock Down 0.2%

Shares of Bombardier, Inc. Class B stock traded down C$0.57 during mid-day trading on Wednesday, reaching C$266.15. 306,719 shares of the stock traded hands, compared to its average volume of 350,418. The stock has a market capitalization of C$26.40 billion, a PE ratio of 72.13, a PEG ratio of 6.26 and a beta of 1.64. The business has a 50-day moving average of C$232.66 and a 200 day moving average of C$195.86. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$276.18.

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.