National Bank Financial Reiterates “C$379.00” Price Target for Bombardier, Inc. Class B (TSE:BBD.B)

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned a C$379.00 target price by analysts at National Bank Financial in a research report issued on Tuesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 24.28% from the company’s current price.

Other equities analysts have also issued reports about the stock. BMO Capital Markets lifted their target price 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, July 31st. Royal Bank Of Canada increased their price target on shares of Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Bombardier, Inc. Class B from C$295.00 to C$350.00 in a research report on Monday, August 31st. TD lifted their price objective on shares of Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Desjardins upped their price objective on shares of Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$325.62.

Bombardier, Inc. Class B Price Performance

TSE:BBD.B traded down C$10.17 during trading hours on Tuesday, reaching C$304.95. The company had a trading volume of 393,024 shares, compared to its average volume of 350,098. Bombardier, Inc. Class B has a 1-year low of C$150.81 and a 1-year high of C$377.77. The firm has a market cap of C$30.08 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 6.26 and a beta of 1.66. The business’s 50 day moving average price is C$336.62 and its 200-day moving average price is C$296.32.

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.