Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$4.48

Bombardier, Inc. Class B (TSE:BBD.B) had its price target lowered by equities researchers at CSFB from C$7.00 to C$4.48 in a research note issued on Friday. CSFB’s target price would indicate a potential upside of 71.98% from the company’s current price.

A number of other brokerages also recently issued reports on BBD.B. Royal Bank of Canada lifted their price target on shares of Bombardier, Inc. Class B from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Barclays boosted their target price on shares of Bombardier, Inc. Class B from C$5.00 to C$7.00 in a report on Monday, July 30th. Vertical Research restated a “buy” rating and issued a C$5.70 target price on shares of Bombardier, Inc. Class B in a report on Thursday, September 27th. Credit Suisse Group set a C$7.00 target price on shares of Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets set a C$6.00 target price on shares of Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Tuesday, July 24th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$5.51.

TSE BBD.B traded up C$0.19 on Friday, reaching C$2.61. The company had a trading volume of 13,115,836 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 12 month low of C$1.96 and a 12 month high of C$4.16.

Bombardier, Inc. Class B Company Profile

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).

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply