THE FOOLS SAYS "BBD.B Just Might Be the 1 Best Stock to BUY""
Christopher Liew, CFA
Written by Christopher Liew, CFA at The Motley Fool Canada
The 2024 TSX30 List came out recently, and Canadians with investment appetites have sound prospects heading into the last quarter. This year’s winners contributed to the country’s economic prosperity. Energy, industrial, and mining sectors have strong representations (25 of 30 stocks), and some are repeat winners from 2023.
Bombardier (TSX:BBD.B) could be the best buy now, given its steady performance and healthy returns in back-to-back years. The growth stock placed 13th in the annual ranking, the same as last year. Its 200% three-year dividend-adjusted share price performance indicates a profitable company.
As of this writing, the share price is $95.54. The year-to-date gain is 79.55%, while the trailing one-year price return is 94.90%. Market analysts covering the stock recommend a “buy” to a “strong buy” rating. Their 12-month average and high price targets are $112.41 and $143.16, or an upside potential between 17.66% and 49.84%.
https://ca.finance.yahoo.com/news/bombardier-just-might-1-best-133000595.html