Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$260.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target raised by Desjardins from C$239.00 to C$260.00 in a report released on Friday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other analysts have also weighed in on BBD.B. BMO Capital Markets lifted their target price on shares of Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research report on Monday, November 10th. National Bankshares increased their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. JPMorgan Chase & Co. raised their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. Scotiabank upped their price target on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, TD Securities increased their price objective on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of “Moderate Buy” and an average price target of C$229.91.

Bombardier, Inc. Class B Price Performance

Shares of BBD.B stock opened at C$224.73 on Friday. Bombardier, Inc. Class B has a one year low of C$71.79 and a one year high of C$236.23. The stock has a fifty day moving average price of C$207.45 and a 200 day moving average price of C$170.95. The stock has a market cap of C$22.29 billion, a P/E ratio of 60.90, a price-to-earnings-growth ratio of 6.26 and a beta of 1.38.

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.