Bombardier, Inc. Class B (TSE:BBD.B)‘s stock had its “outperform” rating restated by equities researchers at Raymond James in a research note issued on Monday. They presently have a C$6.00 price target on the stock. Raymond James’ target price would suggest a potential upside of 92.31% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group set a C$7.00 price objective on Bombardier, Inc. Class B and gave the company an “outperform” rating in a report on Friday, August 3rd. BMO Capital Markets set a C$6.00 price target on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. AltaCorp Capital set a C$6.50 price target on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research note on Wednesday, July 4th. Barclays lifted their price target on Bombardier, Inc. Class B from C$5.00 to C$7.00 in a research note on Monday, July 30th. Finally, CSFB lifted their price target on Bombardier, Inc. Class B from C$5.68 to C$7.00 in a research note on Thursday, July 12th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$6.08.
Shares of TSE BBD.B opened at C$3.12 on Monday. Bombardier, Inc. Class B has a 1-year low of C$1.96 and a 1-year 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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