Bombardier, Inc. Class B (TSE:BBD.B) Given New C$306.00 Price Target at TD

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by equities researchers at TD from C$292.00 to C$306.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price target points to a potential downside of 16.12% from the stock’s previous close.

A number of other analysts have also issued reports on the company. 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. Canadian Imperial Bank of Commerce upped their price target on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research report on Friday, May 1st. UBS Group raised their price objective on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Desjardins upped their target price on shares of Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from C$295.00 to C$305.00 in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$298.83.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock traded down C$8.59 during mid-day trading on Tuesday, reaching C$364.82. The company’s stock had a trading volume of 304,724 shares, compared to its average volume of 355,802. The firm’s fifty day moving average price is C$320.35 and its two-hundred day moving average price is C$278.52. Bombardier, Inc. Class B has a 12-month low of C$147.61 and a 12-month high of C$377.77. The company has a market capitalization of C$35.99 billion, a P/E ratio of 40.40, a PEG 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.