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

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective boosted by stock analysts at TD from C$284.00 to C$292.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s target price points to a potential downside of 2.80% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank upgraded shares of Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from C$295.00 to C$305.00 in a research note on Friday, May 1st. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. National Bank Financial upped their price objective on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. TD Securities boosted their target price on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$278.69.

Bombardier, Inc. Class B Stock Down 1.5%

BBD.B stock traded down C$4.64 during trading on Monday, hitting C$300.40. 122,446 shares of the company’s stock traded hands, compared to its average volume of 373,350. The firm has a market capitalization of C$29.64 billion, a P/E ratio of 33.27, a PEG ratio of 6.26 and a beta of 1.99. Bombardier, Inc. Class B has a 1 year low of C$101.14 and a 1 year high of C$329.16. The business has a fifty day simple moving average of C$271.32 and a two-hundred day simple moving average of C$253.49.

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.