Bombardier, Inc. Class B (TSE:BBD.B) Given a C$379.00 Price Target at National Bank Financial

Key Points

• National Bank Financial set a C$379.00 price target on Bombardier Class B, implying 24.28% upside, while maintaining a “sector perform” rating.
• Analyst sentiment is mixed: six analysts rate the stock a Buy, four a Hold, and one a Sell. The consensus rating is “Hold,” with an average price target of C$325.62.
• Bombardier shares fell 3.2% to C$304.95 during Tuesday trading. The stock has a 12-month range of C$150.81 to C$377.77 and a market capitalization of approximately C$30.08 billion.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) has been assigned a C$379.00 price objective by National Bank Financial in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's target price points to a potential upside of 24.28% from the company's previous close.

A number of other research analysts have also issued reports on BBD.B. Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of Bombardier, Inc. Class B from C$295.00 to C$350.00 in a research note on Monday, August 31st. BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, TD raised their target price on Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the stock a "hold" rating in a research note on Monday, August 3rd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of "Hold" and an average target price of C$325.62.

Bombardier, Inc. Class B Stock Down 3.2%

Shares of Bombardier, Inc. Class B stock traded down C$10.17 during midday trading on Tuesday, hitting C$304.95. The company had a trading volume of 393,024 shares, compared to its average volume of 350,098. The stock has a market cap of C$30.08 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 6.26 and a beta of 1.66. The company has a fifty day simple moving average of C$336.62 and a 200 day simple moving average of C$296.32. Bombardier, Inc. Class B has a 12-month low of C$150.81 and a 12-month high of C$377.77.

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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