BMO Capital Markets Raises Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$320.00

Key Points

• BMO Capital Markets raised its price target on Bombardier Class B from C$300 to C$320, implying about a 11.39% upside from the current share price.
• Analyst views are mixed—six Buys, four Holds and one Sell—with a consensus rating of "Hold" and a consensus price target of C$278.08.
• The stock traded at C$287.29 (down 0.5%) with a market cap of C$28.44 billion, a P/E of 32.1, and a 12‑month range of C$81.02–C$297.42.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective upped by stock analysts at BMO Capital Markets from C$300.00 to C$320.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 11.39% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday. Royal Bank Of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$287.00 to C$298.00 in a research note on Monday, April 13th. The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a "neutral" rating to a "sell" rating and increased their price objective for the stock from C$184.00 to C$191.00 in a research note on Monday, January 26th. UBS Group increased their price objective on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday. Finally, TD Securities increased their price objective on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a "hold" rating in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of "Hold" and a consensus price target of C$278.08.

Bombardier, Inc. Class B Trading Down 0.5%

TSE:BBD.B traded down C$1.35 on Friday, reaching C$287.29. The stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. The stock has a market cap of C$28.44 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80. The company has a 50-day moving average of C$254.31 and a 200 day moving average of C$237.17. Bombardier, Inc. Class B has a 12-month low of C$81.02 and a 12-month high of C$297.42.

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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