Bombardier Given Average Recommendation of “Hold” by Brokerages (TSE:BBD.B)
Bombardier (TSE:BBD.B) has received an average rating of “Hold” from the fourteen analysts that are covering the stock, Analyst Ratings News reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$4.78.
A number of analysts have recently weighed in on BBD.B shares. Analysts at Raymond James upgraded shares of Bombardier to an “outperform” rating in a research note on Monday, August 4th. Separately, analysts at Canaccord Genuity raised their price target on shares of Bombardier from C$4.25 to C$5.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Bombardier in a research note on Wednesday, July 16th.
Bombardier Inc is a manufacturer of transportation solutions. The Company operates in the transportation industry under two manufacturing segments: aerospace (TSE:BBD) and rail transportation (through BT).
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