Royal Bank Of Canada Forecasts Strong Price Appreciation for Bombardier, Inc. Class B (TSE:BBD.B) Stock

Key Points

• Royal Bank of Canada has raised its price target for Bombardier, Inc. Class B stock from C$202.00 to C$230.00, indicating a potential upside of 19.12% from current levels and maintaining an "outperform" rating.
• Multiple analysts have increased their price targets for Bombardier, with National Bankshares setting it at C$216.00 and JPMorgan raising theirs to C$170.00, reflecting a strong consensus around a "Moderate Buy" rating.
• As of recent trading, Bombardier, Inc. Class B stock is valued at C$193.08, with a market cap of C$19.15 billion and a P/E ratio of 44.39.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective boosted by stock analysts at Royal Bank Of Canada from C$202.00 to C$230.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 19.12% from the stock's current price.

Several other analysts have also recently commented on the company. National Bankshares lifted their price target on Bombardier, Inc. Class B from C$179.00 to C$216.00 and gave the company an "outperform" rating in a report on Friday, September 26th. JPMorgan Chase & Co. lifted their price objective on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research note on Friday, August 8th. TD Securities lifted their price objective on Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Scotiabank lifted their price objective on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, UBS Group lifted their price objective on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and a consensus price target of C$189.09.

Bombardier, Inc. Class B Trading Up 0.9%

BBD.B traded up C$1.78 during midday trading on Thursday, hitting C$193.08. The company's stock had a trading volume of 206,355 shares, compared to its average volume of 560,852. The firm has a market cap of C$19.15 billion, a P/E ratio of 44.39, a PEG ratio of 6.26 and a beta of 1.85. The firm has a 50-day moving average price of C$172.00 and a two-hundred day moving average price of C$129.49. Bombardier, Inc. Class B has a 52-week low of C$71.79 and a 52-week high of C$204.50.

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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