Raymond James Financial Boosts Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$263.00

Bombardier, Inc. Class B (TSE:BBD.B) had its target price upped by research analysts at Raymond James Financial from C$234.00 to C$263.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 14.21% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the company a “hold” rating in a research report on Friday, November 7th. CIBC raised their target price on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a research report on Friday, November 7th. Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$236.00 to C$239.00 and gave the company a “buy” rating in a research note on Friday, November 7th. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$216.00 to C$234.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, BMO Capital Markets raised their price objective on Bombardier, Inc. Class B from C$225.00 to C$240.00 in a report on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$225.00.

Bombardier, Inc. Class B Stock Down 0.6%

BBD.B stock opened at C$230.28 on Tuesday. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$234.99. The firm has a market cap of C$22.84 billion, a price-to-earnings ratio of 62.41, a PEG ratio of 6.26 and a beta of 1.41. The business’s fifty day simple moving average is C$203.61 and its two-hundred day simple moving average is C$163.88.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.