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

Key Points

• TD raised its price target to C$284 (from C$275) but kept a "hold" rating, which implies roughly a 1.15% downside from the stock's previous close.
• Several other brokers boosted targets — notably RBC to C$332 and BMO to C$320 — yet MarketBeat's consensus remains a Hold with an average target of C$278.08; the stock traded at C$287.29, near its 52‑week high.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price target lifted by equities research analysts at TD from C$275.00 to C$284.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD's target price would indicate a potential downside of 1.15% from the stock's previous close.

A number of other equities analysts have also recently commented on BBD.B. Scotiabank raised Bombardier, Inc. Class B from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from C$295.00 to C$305.00 in a report on Friday. National Bank Financial cut Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating in a report on Thursday, April 16th. BMO Capital Markets raised their target price on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a report on Friday. Canadian Imperial Bank of Commerce raised their target price on Bombardier, Inc. Class B from C$288.00 to C$295.00 in a report on Friday. Finally, Royal Bank Of Canada increased their price target on Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an "outperform" rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$278.08.

Bombardier, Inc. Class B Trading Down 0.5%

Bombardier, Inc. Class B stock traded down C$1.35 during trading on Friday, reaching C$287.29. The company had a trading volume of 328,692 shares, compared to its average volume of 368,279. Bombardier, Inc. Class B has a 52 week low of C$81.02 and a 52 week high of C$297.42. The firm's 50-day simple moving average is C$254.31 and its 200 day simple moving average is C$237.17. The firm has a market capitalization of C$28.44 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 6.26 and a beta of 1.80.

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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