Bombardier, Inc. (BBD.B) Receives C$2.74 Consensus Target Price from Brokerages

Bombardier, Inc. (TSE:BBD.B) has been assigned an average recommendation of “Buy” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$2.74.

A number of research analysts have weighed in on BBD.B shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$3.00 target price on shares of Bombardier in a report on Thursday. Desjardins raised Bombardier from a “hold” rating to a “buy” rating in a report on Thursday, March 16th. TD Securities reaffirmed a “hold” rating and set a C$2.75 target price on shares of Bombardier in a report on Thursday, May 4th. Raymond James Financial, Inc. lowered Bombardier from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$3.00 to C$2.50 in a report on Wednesday, March 8th. Finally, Goldman Sachs Group, Inc. (The) raised Bombardier from a “neutral” rating to a “buy” rating in a report on Friday, April 7th.

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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).

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