Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$406.00 at Royal Bank Of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price target hoisted by Royal Bank Of Canada from C$383.00 to C$406.00 in a research note published on Friday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank raised shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from C$295.00 to C$305.00 in a report on Friday, May 1st. Desjardins increased their price objective 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. National Bank Financial raised their target price on shares of Bombardier, Inc. Class B from C$349.00 to C$379.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, UBS Group lifted 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. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of “Hold” and an average target price of C$307.83.

Bombardier, Inc. Class B Stock Performance

Shares of TSE:BBD.B opened at C$337.74 on Friday. Bombardier, Inc. Class B has a fifty-two week low of C$147.61 and a fifty-two week high of C$377.77. The business has a 50-day simple moving average of C$325.54 and a two-hundred day simple moving average of C$281.30. The firm has a market cap of C$33.32 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth 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.