Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$61.00

Bombardier, Inc. Class B (TSE:BBD.B – Get Rating) had its price target hoisted by Citigroup from C$52.00 to C$61.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on BBD.B. Vertical Research increased their price objective on shares of Bombardier, Inc. Class B from C$45.00 to C$53.00 in a report on Friday, November 4th. Royal Bank of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$49.00 to C$58.00 and gave the company an outperform rating in a report on Friday, November 4th. Cowen increased their target price on Bombardier, Inc. Class B from C$41.15 to C$61.24 in a research report on Wednesday, November 16th. CIBC increased their target price on Bombardier, Inc. Class B from C$37.00 to C$47.00 and gave the company a neutral rating in a research report on Monday, November 7th. Finally, Barclays increased their target price on Bombardier, Inc. Class B from C$30.00 to C$45.00 in a research report on Monday, November 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$59.62.

Bombardier, Inc. Class B Trading Up 3.5 %

Bombardier, Inc. Class B stock opened at C$54.71 on Wednesday. Bombardier, Inc. Class B has a 12-month low of C$18.30 and a 12-month high of C$55.50. The firm has a 50 day moving average of C$47.60 and a 200 day moving average of C$34.48. The firm has a market capitalization of C$5.14 billion and a price-to-earnings ratio of -12.35.

Bombardier, Inc. Class B Company Profile

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Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.