BMO Capital Markets Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report) had its price objective lifted by research analysts at BMO Capital Markets from C$240.00 to C$300.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 12.47% from the stock’s previous close.

BBD.B has been the subject of several other research reports. CIBC lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and upped their price target for the stock from C$230.00 to C$290.00 in a research report on Wednesday. Raymond James Financial boosted their price objective on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada upped their price objective on Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Desjardins increased their target price on Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Scotiabank boosted 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$256.27.

Get Our Latest Stock Analysis on Bombardier, Inc. Class B

Bombardier, Inc. Class B Price Performance

TSE BBD.B opened at C$266.73 on Wednesday. The company has a market cap of C$26.46 billion, a P/E ratio of 72.28, a P/E/G ratio of 6.26 and a beta of 1.64. Bombardier, Inc. Class B has a 12 month low of C$71.79 and a 12 month high of C$276.18. The company has a 50-day moving average of C$234.91 and a 200-day moving average of C$196.85.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

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

Further Reading

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.