Bombardier, Inc. (BBD.B) Price Target Raised to C$3.30
Bombardier, Inc. (TSE:BBD.B) had its price target hoisted by research analysts at BMO Capital Markets from C$3.10 to C$3.30 in a research note issued to investors on Friday. BMO Capital Markets’ price objective would suggest a potential upside of 5.43% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Raymond James Financial, Inc. raised shares of Bombardier from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$2.50 to C$3.25 in a research report on Monday, July 31st. CIBC boosted their price objective on shares of Bombardier from C$3.00 to C$3.25 in a research report on Friday, October 20th. National Bank Financial boosted their price objective on shares of Bombardier from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. TD Securities boosted their price objective on shares of Bombardier from C$2.89 to C$3.21 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Cormark raised shares of Bombardier from a “market perform” rating to a “buy” rating and boosted their target price for the stock from C$2.40 to C$3.20 in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$3.01.
Shares of Bombardier (BBD.B) traded up C$0.18 on Friday, reaching C$3.13. 17,550,000 shares of the company were exchanged, compared to its average volume of 10,620,000. Bombardier has a 52-week low of C$1.72 and a 52-week high of C$3.14.
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Bombardier Company Profile
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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