Bombardier, Inc. Class B (TSE:BBD.B – Get Rating) had its price objective increased by investment analysts at Citigroup from C$52.00 to C$61.00 in a report issued on Wednesday, BayStreet.CA reports. Citigroup’s target price would suggest a potential upside of 11.52% from the company’s current price.
Several other analysts have also recently commented on the stock. National Bankshares lifted their price objective on shares of Bombardier, Inc. Class B from C$59.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, November 4th. TD Securities increased their price target on shares of Bombardier, Inc. Class B from C$73.00 to C$78.00 and gave the stock a “speculative buy” rating in a report on Friday, November 4th. Cowen upped their price objective on shares of Bombardier, Inc. Class B from C$41.15 to C$61.24 in a research report on Wednesday, November 16th. JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$36.00 to C$55.00 in a research note on Thursday, November 17th. Finally, BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$63.00 to C$65.00 in a research note on Friday, November 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Moderate Buy” and a consensus target price of C$59.62.
Bombardier, Inc. Class B Stock Performance
BBD.B stock traded up C$1.86 during trading on Wednesday, reaching C$54.70. The company had a trading volume of 291,297 shares, compared to its average volume of 316,714. The firm has a 50-day simple moving average of C$47.25 and a 200-day simple moving average of C$34.33. The company has a market cap of C$5.13 billion and a price-to-earnings ratio of -12.34. Bombardier, Inc. Class B has a twelve month low of C$18.30 and a twelve month high of C$55.50.
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.
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