Bombardier, Inc. Class B (TSE:BBD.B) Hits New 52-Week High - Should You Buy?

Key Points

• Bombardier, Inc. Class B reached a new 52-week high, trading at C$188.91, marking a significant increase from its previous close of C$181.40.
• Several analysts, including Citigroup and BMO Capital Markets, have raised their price targets, with a consensus rating of "Moderate Buy" and an average target price of C$179.45.
• The company has seen a notable increase in its stock price, up by 6.3% recently, and has a market capitalization of C$19.12 billion.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$188.91 and last traded at C$187.21, with a volume of 135751 shares. The stock had previously closed at C$181.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBD.B. Scotiabank raised their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. CIBC lifted their price objective on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday, July 21st. Citigroup lifted their price objective on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research note on Monday, July 21st. BMO Capital Markets lifted their price objective on shares of Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Finally, National Bankshares lifted their price objective on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$179.45.

Bombardier, Inc. Class B Price Performance

The firm has a market capitalization of C$19.12 billion, a P/E ratio of 44.30, a P/E/G ratio of 6.26 and a beta of 2.07. The firm's 50 day simple moving average is C$164.24 and its two-hundred day simple moving average is C$120.72.

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.