JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Key Points

• JPMorgan Chase & Co. has raised its target price for Bombardier, Inc. Class B stock from C$135.00 to C$170.00, suggesting a potential upside of 3.09% from the current price.
• Several other analysts have also increased their price targets, with Desjardins raising theirs to C$186.00 and Royal Bank Of Canada to C$202.00, reflecting a positive consensus for the stock.
• Shares of Bombardier, Inc. Class B traded down by C$3.00 to C$164.90 during recent trading, with a market capitalization of C$14.27 billion.

Bombardier, Inc. Class B (TSE:BBD.B - Free Report) had its price objective upped by JPMorgan Chase & Co. from C$135.00 to C$170.00 in a research note published on Friday,BayStreet.CA reports.

Several other brokerages have also issued reports on BBD.B. CIBC upped their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. National Bankshares upped their target price on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. TD Securities upped 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 report on Friday, August 1st. Citigroup upped 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 report on Monday, July 21st. Finally, Royal Bank Of Canada upped their target price on shares of Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of "Moderate Buy" and an average price target of C$179.00.

Bombardier, Inc. Class B Stock Performance

Bombardier, Inc. Class B stock traded up C$1.41 during mid-day trading on Friday, reaching C$170.99. The company's stock had a trading volume of 77,072 shares, compared to its average volume of 556,260. The firm's fifty day moving average price is C$139.81 and its two-hundred day moving average price is C$104.43. The company has a market capitalization of C$14.79 billion, a P/E ratio of 44.30, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a 12-month low of C$71.79 and a 12-month high of C$172.67.

Insider Activity

In other news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Over the last quarter, insiders have sold 110,384 shares of company stock valued at $11,100,147. Company insiders own 1.66% of the company's stock.

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.