Bombardier, Inc. (BBD.B) Given Average Rating of “Buy” by Brokerages

Shares of Bombardier, Inc. (TSE:BBD.B) have received an average recommendation of “Buy” from the fifteen analysts that are covering the firm. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$2.66.

Several equities research analysts have recently commented on BBD.B shares. Scotiabank upped their target price on Bombardier from C$2.75 to C$3.25 and gave the company an “outperform” rating in a report on Friday, January 13th. CIBC upped their target price on Bombardier from C$2.25 to C$2.50 in a report on Thursday, January 5th. Royal Bank of Canada upped their target price on Bombardier from C$2.50 to C$3.00 and gave the company an “outperform” rating in a report on Wednesday, January 18th. Raymond James Financial, Inc. downgraded 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, Desjardins raised Bombardier from a “hold” rating to a “buy” rating in a research note on Thursday, March 16th.

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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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