Bombardier Inc. (BBD.B) Receives Average Rating of “Buy” from Brokerages
Shares of Bombardier Inc. (TSE:BBD.B) have received an average recommendation of “Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$4.24.
A number of equities research analysts have recently weighed in on the stock. CIBC lifted their target price on shares of Bombardier from C$3.75 to C$4.25 in a research note on Monday, April 2nd. Barclays reissued an “overweight” rating and set a C$5.00 price objective on shares of Bombardier in a research note on Thursday, March 29th. Citigroup dropped their price objective on shares of Bombardier from C$4.60 to C$4.50 in a research note on Monday, March 26th. BMO Capital Markets reissued an “outperform” rating and set a C$4.50 price objective on shares of Bombardier in a research note on Thursday, March 22nd. Finally, TD Securities boosted their price objective on shares of Bombardier from C$3.50 to C$4.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd.
Shares of BBD.B traded up C$0.04 during trading hours on Thursday, reaching C$3.74. 748,372 shares of the company traded hands, compared to its average volume of 9,460,000. Bombardier has a 12 month low of C$1.96 and a 12 month high of C$4.16.
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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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