Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High – Still a Buy?

Shares of Bombardier, Inc. Class B (TSE:BBD.B) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$236.50 and last traded at C$234.49, with a volume of 61869 shares changing hands. The stock had previously closed at C$229.64.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BBD.B shares. Raymond James Financial lifted their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada raised their target price on Bombardier, Inc. Class B from C$230.00 to C$263.00 in a research note on Wednesday, December 10th. JPMorgan Chase & Co. upped their price target on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. TD Securities increased their price target on shares of Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Scotiabank raised their price objective on shares of Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$229.91.

Bombardier, Inc. Class B Price Performance

The firm has a market cap of C$23.72 billion, a PE ratio of 64.81, a PEG ratio of 6.26 and a beta of 1.38. The business has a 50-day simple moving average of C$212.45 and a 200 day simple moving average of C$177.44.

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.