Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$239.00 at Desjardins

Bombardier, Inc. Class B (TSE:BBD.B) had its price target upped by research analysts at Desjardins from C$236.00 to C$239.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 21.67% from the company’s current price.

Several other analysts also recently issued reports on BBD.B. BMO Capital Markets lifted their price target on Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$216.00 to C$234.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group raised their price target on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday, August 1st. Scotiabank upped their price objective on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Citigroup raised their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$208.80.

Bombardier, Inc. Class B Stock Performance

TSE:BBD.B traded down C$0.98 on Friday, reaching C$196.44. The company’s stock had a trading volume of 482,375 shares, compared to its average volume of 538,211. The business’s 50-day moving average price is C$184.41 and its two-hundred day moving average price is C$146.18. Bombardier, Inc. Class B has a 1-year low of C$71.79 and a 1-year high of C$204.50. The firm has a market cap of C$19.49 billion, a PE ratio of 45.16, a PEG ratio of 6.26 and a beta of 1.41.

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.