Bombardier, Inc. (TSE:BBD.B) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Bombardier, Inc. (TSE:BBD.B) have received an average rating of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$2.74.
Several brokerages have weighed in on BBD.B. BMO Capital Markets raised Bombardier from a “market perform” rating to an “outperform” rating and set a C$2.75 price target on the stock in a research report on Monday, May 29th. Goldman Sachs Group, Inc. (The) raised Bombardier from a “neutral” rating to a “buy” rating in a research report on Friday, April 7th. TD Securities reaffirmed a “hold” rating and set a C$2.75 price target on shares of Bombardier in a research report on Thursday, May 4th. Desjardins raised Bombardier from a “hold” rating to a “buy” rating in a research report on Thursday, March 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$3.00 price target on shares of Bombardier in a research report on Thursday, June 15th.
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Bombardier Inc is a Canada-based manufacturer of both planes and trains. It operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global).
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