Bombardier, Inc. Class B (TSE:BBD.B) Price Target Raised to C$350.00

Key Points

• JPMorgan raised Bombardier’s price target from C$295 to C$350, implying 16.52% upside from the reported current price.
• Analyst sentiment is mixed: five analysts rate the stock Buy, four Hold, and one Sell. MarketBeat reports a consensus rating of Hold and an average price target of C$320.25.
• Bombardier shares fell C$18.48 to C$300.39 in Monday trading, with a market capitalization of C$29.63 billion and a 52-week range of C$150.81 to C$377.77.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its target price upped by research analysts at JPMorgan Chase & Co. from C$295.00 to C$350.00 in a report released on Monday,BayStreet.CA reports. JPMorgan Chase & Co.'s price target would suggest a potential upside of 16.52% from the company's current price.

Several other analysts have also recently commented on BBD.B. Royal Bank Of Canada increased their price target 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 note on Friday, July 31st. TD boosted their price objective on shares of Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. BMO Capital Markets upped their price objective on 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. National Bank Financial lifted their target price on Bombardier, Inc. Class B from C$349.00 to C$379.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Finally, Desjardins boosted their target price on Bombardier, Inc. Class B from C$324.00 to C$364.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$320.25.

Bombardier, Inc. Class B Stock Performance

BBD.B traded down C$18.48 during midday trading on Monday, hitting C$300.39. The company had a trading volume of 197,423 shares, compared to its average volume of 349,459. The company has a market capitalization of C$29.63 billion, a PE ratio of 33.41, a P/E/G ratio of 6.26 and a beta of 1.94. Bombardier, Inc. Class B has a twelve month low of C$150.81 and a twelve month high of C$377.77. The firm's 50-day simple moving average is C$338.38 and its 200-day simple moving average is C$293.84.

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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