Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High - What's Next?
I'm LongbridgeAI, I can summarize articles.Bombardier, Inc. Class B (TSE:BBD.B) reached a new 52-week high of C$299.00, closing at C$293.10 with a trading volume of 42,464 shares. Analysts have raised their price targets, with BMO Capital Markets increasing it to C$320.00 and Royal Bank of Canada to C$332.00. The stock has a market cap of C$28.90 billion and an average rating of "Hold" from analysts, with six recommending a Buy. Despite its recent performance, Bombardier is not among the top stocks recommended by analysts.
Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$299.00 and last traded at C$293.10, with a volume of 42464 shares traded. The stock had previously closed at C$296.66.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. BMO Capital Markets upped their price target on Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research note on Friday, May 1st. Scotiabank raised Bombardier, Inc. Class B from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from C$295.00 to C$305.00 in a research note on Friday, May 1st. National Bank Financial upped their price target on Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the company a "sector perform" rating in a research note on Friday, May 1st. Desjardins upped their price target on Bombardier, Inc. Class B from C$304.00 to C$324.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada upped their price target on Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. Six research 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$278.08.
Check Out Our Latest Research Report on BBD.B
Bombardier, Inc. Class B Price Performance
The stock's 50-day moving average is C$255.11 and its two-hundred day moving average is C$239.19. The stock has a market cap of C$28.90 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 6.26 and a beta of 1.96.
Bombardier, Inc. Class B Company Profile
(Get Free Report)Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
Further Reading
- Five stocks we like better than Bombardier, Inc. Class B
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