Bombardier, Inc. (TSE:BBD.B) had its target price increased by investment analysts at TD Securities from C$2.50 to C$2.75 in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential downside of 12.14% from the stock’s current price.

A number of other research firms have also issued reports on BBD.B. BMO Capital Markets boosted their target price on shares of Bombardier from C$3.10 to C$3.30 in a research note on Friday. Macquarie boosted their target price on shares of Bombardier from C$3.00 to C$3.50 in a research note on Friday, October 27th. Cormark raised shares of Bombardier from a “market perform” rating to a “buy” rating and boosted their target price for the company from C$2.40 to C$3.20 in a research note on Tuesday, October 24th. National Bank Financial boosted their target price on shares of Bombardier from C$2.90 to C$3.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Scotiabank boosted their target price on shares of Bombardier from C$3.25 to C$3.75 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$3.01.

Bombardier (TSE BBD.B) traded up C$0.18 during trading on Friday, reaching C$3.13. 17,550,000 shares of the company’s stock 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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About Bombardier

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).

Analyst Recommendations for Bombardier (TSE:BBD.B)

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