Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$303.25 and last traded at C$299.96, with a volume of 86742 shares traded. The stock had previously closed at C$295.92.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BBD.B shares. TD boosted their price objective on Bombardier, Inc. Class B from C$275.00 to C$284.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group downgraded shares of 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, January 26th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday, May 1st. Six 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’s stock. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Hold” and an average price target of C$278.08.

Read Our Latest Stock Analysis on BBD.B

Bombardier, Inc. Class B Price Performance

The firm has a market cap of C$28.99 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 6.26 and a beta of 1.96. The business’s 50-day moving average price is C$259.15 and its two-hundred day moving average price is C$246.81.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

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

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