Bombardier, Inc. Class B (TSE:BBD.B) Given New C$370.00 Price Target at Scotiabank

Key Points

• Scotiabank lowered Bombardier’s price target to C$370 from C$380 while maintaining a “sector outperform” rating, implying 19.67% potential upside from the prior close.
• Analyst sentiment is mixed: six analysts rate the stock Buy, four Hold, and one Sell, resulting in a consensus “Hold” rating and average price target of C$330.62.
• Bombardier shares rose 6.6% to C$309.19 during Thursday trading, with a market capitalization of approximately C$57.52 billion.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective decreased by analysts at Scotiabank from C$380.00 to C$370.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 19.67% from the company's previous close.

BBD.B has been the topic of a number of other reports. TD boosted their target price on shares of Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Royal Bank Of Canada increased their target price on shares of Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Stifel Nicolaus set a C$390.00 price target on shares of Bombardier, Inc. Class B and gave the stock a "buy" rating in a research note on Tuesday, September 8th. BMO Capital Markets lifted their price target on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bombardier, Inc. Class B from C$295.00 to C$350.00 in a report on Monday, August 31st. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$330.62.

Bombardier, Inc. Class B Stock Up 6.6%

BBD.B traded up C$19.19 during trading on Thursday, hitting C$309.19. 205,534 shares of the company traded hands, compared to its average volume of 333,839. Bombardier, Inc. Class B has a one year low of C$186.72 and a one year high of C$377.77. The stock's fifty day moving average is C$317.02 and its 200 day moving average is C$305.83. The firm has a market cap of C$57.52 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 6.26 and a beta of 1.47.

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.

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