Bombardier, Inc. Class B (TSE:BBD.B) PT Set at C$260.00 by Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) has been given a C$260.00 price target by equities research analysts at Desjardins in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 11.76% from the stock’s current price.

Several other research analysts also recently commented on BBD.B. Raymond James Financial raised their target price on 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. CIBC lowered Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$230.00 to C$290.00 in a report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. The Goldman Sachs Group downgraded Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and lifted their price target for the stock from C$184.00 to C$191.00 in a research note on Monday. Finally, Royal Bank Of Canada upped their target price on Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bombardier, Inc. Class B presently has an average rating of “Hold” and an average target price of C$250.83.

Bombardier, Inc. Class B Stock Down 6.0%

Bombardier, Inc. Class B stock traded down C$14.88 during mid-day trading on Friday, hitting C$232.65. 819,601 shares of the company’s stock were exchanged, compared to its average volume of 397,493. The company’s 50 day simple moving average is C$238.60 and its 200-day simple moving average is C$200.10. Bombardier, Inc. Class B has a fifty-two week low of C$71.79 and a fifty-two week high of C$276.18. The firm has a market capitalization of C$23.08 billion, a P/E ratio of 63.05, a PEG ratio of 6.26 and a beta of 1.64.

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.