Bombardier, Inc. Class B (TSE:BBD.B) Given New C$286.00 Price Target at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.B) had its price target cut by equities research analysts at National Bank Financial from C$290.00 to C$286.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 18.10% from the company’s previous close.

A number of other analysts have also recently issued reports on BBD.B. Desjardins upped their target price on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. TD Securities lifted their target price on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday. Royal Bank Of Canada increased their price target on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, Raymond James Financial lifted their price objective on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$259.08.

Bombardier, Inc. Class B Stock Performance

TSE BBD.B traded down C$1.55 during trading hours on Friday, hitting C$242.16. The company had a trading volume of 300,117 shares, compared to its average volume of 385,605. The business has a 50 day moving average of C$241.60 and a 200-day moving average of C$205.70. The company has a market cap of C$24.02 billion, a PE ratio of 65.63, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year 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.