Brokerages Set Bombardier, Inc. Class B (BBD.B) Price Target at $5.78
Shares of Bombardier, Inc. Class B (TSE:BBD.B) have earned a consensus recommendation of “Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$5.78.
Several analysts have commented on BBD.B shares. Citigroup lifted their price target on Bombardier, Inc. Class B from C$4.50 to C$5.00 in a report on Thursday, May 17th. Scotiabank lifted their price target on Bombardier, Inc. Class B from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Tuesday, May 22nd. CSFB lifted their price target on Bombardier, Inc. Class B from C$5.44 to C$5.68 in a report on Wednesday, May 30th. Desjardins lifted their price target on Bombardier, Inc. Class B from C$4.75 to C$6.00 in a report on Friday, June 8th. Finally, CIBC raised Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$4.50 to C$6.00 in a research note on Monday, June 11th.
BBD.B opened at C$4.65 on Friday. Bombardier, Inc. Class B has a 12 month low of C$1.96 and a 12 month high of C$4.16.
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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