Desjardins Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Key Points

• Desjardins has raised its price target for Bombardier, Inc. Class B from C$186.00 to C$236.00, indicating a potential upside of 22.05% from the current trading price.
• Several analysts have recently revised their target prices for Bombardier, with Citigroup setting a new target at C$195.00 and BMO Capital Markets at C$190.00, both maintaining a "buy" or "outperform" rating.
• Bombardier, Inc. Class B has a current market cap of C$19.18 billion and trades at a price-to-earnings ratio of 44.45, with a recent trading price of C$193.36.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target upped by analysts at Desjardins from C$186.00 to C$236.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 22.05% from the company's previous close.

A number of other analysts have also recently weighed in on the stock. Citigroup boosted their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. TD Securities boosted their target price on shares of Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. UBS Group boosted their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$202.00 to C$230.00 and gave the stock an "outperform" rating in a research note on Thursday, October 9th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$200.20.

Bombardier, Inc. Class B Price Performance

BBD.B traded down C$0.75 during trading on Wednesday, hitting C$193.36. 292,987 shares of the stock traded hands, compared to its average volume of 557,800. Bombardier, Inc. Class B has a twelve month low of C$71.79 and a twelve month high of C$204.50. The company has a market cap of C$19.18 billion, a price-to-earnings ratio of 44.45, a PEG ratio of 6.26 and a beta of 1.85. The business has a 50 day moving average price of C$174.27 and a 200 day moving average price of C$132.81.

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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