National Bank Financial Issues Positive Forecast for Bombardier, Inc. Class B (TSE:BBD.B) Stock Price

Bombardier, Inc. Class B (TSE:BBD.B) had its target price increased by analysts at National Bank Financial from C$296.00 to C$349.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 1.72% from the stock’s current price.

Several other research analysts also recently commented on BBD.B. BMO Capital Markets raised their target price on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. Royal Bank Of Canada upped their target price on shares of Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a report on Friday, May 1st. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from C$295.00 to C$305.00 in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$289.77.

Bombardier, Inc. Class B Stock Performance

BBD.B stock traded down C$3.61 during midday trading on Wednesday, reaching C$343.11. 121,601 shares of the company’s stock traded hands, compared to its average volume of 363,398. The firm has a market capitalization of C$33.85 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 6.26 and a beta of 1.93. The company has a 50-day moving average price of C$299.68 and a two-hundred day moving average price of C$268.02. Bombardier, Inc. Class B has a 52 week low of C$147.61 and a 52 week high of C$347.99.

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.