Bombardier, Inc. Class B (TSE:BBD.B) Hits New 52-Week High – Time to Buy?

Shares of Bombardier, Inc. Class B (TSE:BBD.B) reached a new 52-week high during trading on Monday . The stock traded as high as C$341.39 and last traded at C$341.39, with a volume of 190790 shares changing hands. The stock had previously closed at C$324.99.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BBD.B. TD increased their target price on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the company a “hold” rating in a research report on Monday, June 8th. National Bank Financial increased their price objective on Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price objective on Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Finally, BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$285.69.

Bombardier, Inc. Class B Price Performance

The business has a 50-day moving average of C$295.61 and a 200 day moving average of C$266.26. The company has a market capitalization of C$33.68 billion, a PE ratio of 37.81, a P/E/G ratio of 6.26 and a beta of 1.93.

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.