Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target on Bombardier to C$298 from C$287, implying a potential 16.85% upside from the prior close.
• Multiple analysts updated targets (BMO to C$300, Desjardins to C$305), and the consensus across 10 analysts is a “Moderate Buy” with an average target of C$257.42.
• Shares traded down to C$255.02 (about -1.2%) midday; the company has a market cap of C$25.25 billion, a P/E of 28.49, and a one‑year range of C$81.02–C$283.99.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target lifted by research analysts at Royal Bank Of Canada from C$287.00 to C$298.00 in a report released on Monday,BayStreet.CA reports. Royal Bank Of Canada's target price suggests a potential upside of 16.85% from the company's previous close.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an "outperform" rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce reduced their price objective on shares of Bombardier, Inc. Class B from C$290.00 to C$288.00 in a research note on Friday, February 13th. TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$276.00 to C$280.00 and gave the company a "hold" rating in a research note on Friday, February 13th. National Bank Financial reduced their price objective on shares of Bombardier, Inc. Class B from C$290.00 to C$286.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. Finally, Desjardins boosted their price objective on shares of Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of "Moderate Buy" and an average target price of C$257.42.

Bombardier, Inc. Class B Trading Down 1.2%

Shares of TSE BBD.B traded down C$3.00 during midday trading on Monday, hitting C$255.02. The company's stock had a trading volume of 104,167 shares, compared to its average volume of 366,198. The stock has a fifty day moving average price of C$252.15 and a 200 day moving average price of C$231.69. The firm has a market capitalization of C$25.25 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 6.26 and a beta of 1.80. Bombardier, Inc. Class B has a one year low of C$81.02 and a one year high of C$283.99.

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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