Bombardier, Inc. (BBD.B) Receives Consensus Rating of “Buy” from Brokerages
Shares of Bombardier, Inc. (TSE:BBD.B) have been assigned an average rating of “Buy” from the seventeen analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$2.77.
Several brokerages have weighed in on BBD.B. TD Securities raised their price objective on Bombardier from C$2.15 to C$2.25 and gave the company a “hold” rating in a research note on Tuesday. National Bank Financial raised their price objective on Bombardier from C$2.90 to C$3.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Raymond James Financial, Inc. upgraded Bombardier from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$2.50 to C$3.25 in a research note on Monday, July 31st. BMO Capital Markets raised their price objective on Bombardier from C$2.75 to C$3.30 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) upgraded Bombardier from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 4th.
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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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