Desjardins Reiterates “C$260.00” Price Target for Bombardier, Inc. Class B (TSE:BBD.B)

Desjardins set a C$260.00 price target on Bombardier, Inc. Class B (TSE:BBD.B) in a research note published on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently commented on BBD.B. CIBC downgraded Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$230.00 to C$290.00 in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research note on Wednesday, November 19th. National Bankshares boosted their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. TD Securities increased their target price on Bombardier, Inc. Class B from C$203.00 to C$278.00 and gave the stock a “hold” rating in a report on Monday, January 19th. Finally, Raymond James Financial lifted their price target 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 report on Tuesday, December 2nd. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$250.83.

Bombardier, Inc. Class B Stock Down 6.0%

Shares of TSE BBD.B opened at C$232.61 on Friday. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$276.18. The firm has a market cap of C$23.07 billion, a PE ratio of 63.04, a P/E/G ratio of 6.26 and a beta of 1.64. The company’s fifty day simple moving average is C$238.83 and its 200 day simple moving average is C$201.11.

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.