Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective increased by BMO Capital Markets from C$350.00 to C$375.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 8.42% from the stock’s previous close.

BBD.B has been the subject of several other research reports. TD lifted their price target on Bombardier, Inc. Class B from C$292.00 to C$306.00 and gave the company a “hold” rating in a research note on Tuesday. UBS Group raised their target price on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price objective on shares of Bombardier, Inc. Class B from C$332.00 to C$383.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Scotiabank upgraded Bombardier, Inc. Class B from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from C$295.00 to C$305.00 in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce upped their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$307.83.

Bombardier, Inc. Class B Trading Up 4.8%

Shares of Bombardier, Inc. Class B stock traded up C$15.87 during trading hours on Friday, reaching C$345.88. The stock had a trading volume of 240,445 shares, compared to its average volume of 357,861. The stock’s 50 day moving average is C$324.71 and its 200 day moving average is C$280.90. The firm has a market capitalization of C$34.12 billion, a PE ratio of 38.30, a PEG ratio of 6.26 and a beta of 1.93. Bombardier, Inc. Class B has a twelve month low of C$147.61 and a twelve month high of C$377.77.

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.