Bombardier, Inc. Class B (TSE:BBD.B) Given New C$296.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its price target on Bombardier Class B to C$296 (from C$286) and kept a "sector perform" rating, implying roughly a 3.03% upside from current levels.
• Several brokers also moved targets higher — notably RBC to C$332 with an "outperform" and UBS to C$315 — but the consensus remains a "Hold" with an average price target of C$278.08 and analyst split of 6 Buy / 4 Hold / 1 Sell.
• Shares last traded at C$287.29 (down 0.5%), with a market cap of C$28.44B and a PE of 32.10, and are trading near their 52‑week high of C$297.42, which limits upside versus some higher analyst targets.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective raised by equities research analysts at National Bank Financial from C$286.00 to C$296.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 3.03% from the company's current price.

Several other brokerages also recently commented on BBD.B. The Goldman Sachs Group downgraded Bombardier, Inc. Class B from a "neutral" rating to a "sell" rating and boosted their target price for the stock from C$184.00 to C$191.00 in a research note on Monday, January 26th. UBS Group boosted their price target on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a report on Friday. Royal Bank Of Canada boosted their price target on Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an "outperform" rating in a report on Friday. Canadian Imperial Bank of Commerce boosted their price target on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday. Finally, TD Securities boosted their price target on Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the stock a "hold" rating in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$278.08.

Bombardier, Inc. Class B Trading Down 0.5%

TSE BBD.B traded down C$1.35 during trading on Friday, hitting C$287.29. 328,692 shares of the company's stock were exchanged, compared to its average volume of 368,279. The company has a market cap of C$28.44 billion, a PE ratio of 32.10, a P/E/G ratio of 6.26 and a beta of 1.80. Bombardier, Inc. Class B has a fifty-two week low of C$81.02 and a fifty-two week high of C$297.42. The stock's 50 day moving average price is C$254.31 and its two-hundred day moving average price is C$237.17.

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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