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$332 and maintained an outperform rating, implying roughly a 15.6% upside from the current share price.
• Other analysts were mixed—UBS, CIBC, Desjardins and Scotiabank raised targets or upgraded ratings, but MarketBeat's consensus remains a Hold with an average target of C$278.08 (six Buys, four Holds, one Sell).
• Bombardier shares traded around C$287.29, within a one‑year range of C$81.02–C$297.42, and the company has a market cap of C$28.44 billion and a PE of 32.10.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective lifted by equities research analysts at Royal Bank Of Canada from C$298.00 to C$332.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 15.56% from the company's current price.

A number of other research analysts have also commented on BBD.B. National Bank Financial lowered Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating in a research note on Thursday, April 16th. UBS Group increased their price objective on Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research note on Friday. Canadian Imperial Bank of Commerce increased their price objective on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a research note on Friday. Desjardins raised their target price on 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. Finally, Scotiabank upgraded Bombardier, Inc. Class B from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from C$295.00 to C$305.00 in a research note on Friday. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$278.08.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B traded down C$1.35 during mid-day trading on Friday, hitting C$287.29. The company's stock had a trading volume of 328,692 shares, compared to its average volume of 368,279. Bombardier, Inc. Class B has a one year low of C$81.02 and a one year high of C$297.42. The firm has a market capitalization of C$28.44 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80. The stock's 50-day moving average is C$254.31 and its two-hundred day moving average is C$237.17.

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.

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