Bombardier, Inc. Class B (TSE:BBD.B – Get Rating) had its target price boosted by analysts at JPMorgan Chase & Co. from C$36.00 to C$55.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.'s target price would suggest a potential upside of 28.69% from the company's current price.
BBD.B has been the subject of a number of other reports. Cowen upped their target price on Bombardier, Inc. Class B from C$41.15 to C$61.24 in a research report on Wednesday. Scotiabank raised their target price on Bombardier, Inc. Class B from C$50.00 to C$52.00 in a research note on Thursday, October 20th. Desjardins boosted their price target on shares of Bombardier, Inc. Class B to C$82.00 in a research report on Wednesday, August 17th. The business jet manufacturer unveiled solid financial results in the second quarter, said analyst Benoit Poirier of Desjardins Securities.
Get Bombardier Inc. Class B alerts:He believes management's full-year 2022 guidance is conservative and could be raised again as management delivers what it promised to improve the company's profit margins.
"We remain optimistic on the short and long-term outlook for Bombardier and recommend that investors reconsider their view of the stock," he wrote. Bombardier's stock has fallen sharply since the title's consolidation, before rebounding just over 10% on Thursday following the publication of financial results.Benoit Poirier points out that the increase in demand is closely linked to the problems of commercial aviation which are pushing some customers to opt for business jets. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$63.00 to C$65.00 in a report on Friday, November 4th. Finally, CIBC raised their target price on shares of Bombardier, Inc. Class B from C$37.00 to C$47.00 and gave the stock a "neutral" rating in a report on Monday, November 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$59.02.
Bombardier, Inc. Class B Trading Down 0.2 %
Shares of TSE:BBD.B opened at C$42.74 on Thursday. The company has a 50 day moving average of C$34.10 and a 200-day moving average of C$33.93. The firm has a market cap of C$4.01 billion and a P/E ratio of -9.65. Bombardier, Inc. Class B has a twelve month low of C$18.30 and a twelve month high of C$46.75.
Bombardier, Inc. Class B Company Profile
(Get Rating)
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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