TD Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by stock analysts at TD from C$306.00 to C$320.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price would indicate a potential downside of 5.25% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. UBS Group lifted their target price on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Desjardins boosted their price objective on Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. BMO Capital Markets raised their target price on Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from C$295.00 to C$305.00 in a report on Friday, May 1st. Finally, National Bank Financial increased their price objective on shares of Bombardier, Inc. Class B from C$349.00 to C$379.00 and gave the company a “sector perform” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bombardier, Inc. Class B presently has an average rating of “Hold” and a consensus target price of C$309.00.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock remained flat at C$337.74 during mid-day trading on Monday. 415,283 shares of the company’s stock were exchanged, compared to its average volume of 359,134. The stock has a market cap of C$33.32 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 6.26 and a beta of 1.93. The stock’s 50 day simple moving average is C$325.54 and its 200 day simple moving average is C$281.52. Bombardier, Inc. Class B has a 12-month low of C$147.61 and a 12-month high of C$377.77.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.