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

Bombardier, Inc. Class B (TSE:BBD.B) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$375.75 and last traded at C$375.75, with a volume of 19088 shares traded. The stock had previously closed at C$366.24.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BBD.B. BMO Capital Markets raised their price objective on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday, May 1st. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Desjardins increased their target price on shares of 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. Royal Bank Of Canada raised their price target on shares of Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, TD boosted their price target on shares of Bombardier, Inc. Class B from C$284.00 to C$292.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and an average target price of C$297.67.

Bombardier, Inc. Class B Price Performance

The stock has a market cap of C$36.20 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 6.26 and a beta of 1.93. The firm has a fifty day moving average of C$318.11 and a 200 day moving average of C$277.57.

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.