Bombardier, Inc. Class B (TSE:BBD.B)‘s stock had its “outperform” rating reaffirmed by analysts at Raymond James in a report released on Monday. They presently have a C$6.00 price objective on the stock. Raymond James’ price objective indicates a potential upside of 89.27% from the stock’s previous close.
Several other analysts have also issued reports on BBD.B. CSFB increased their price objective on Bombardier, Inc. Class B from C$5.68 to C$7.00 in a report on Thursday, July 12th. Barclays increased their price objective on Bombardier, Inc. Class B from C$5.00 to C$7.00 in a report on Monday, July 30th. CIBC cut their price objective on Bombardier, Inc. Class B from C$6.00 to C$5.75 in a report on Wednesday, October 17th. Vertical Research reiterated a “buy” rating and set a C$5.70 price objective on shares of Bombardier, Inc. Class B in a report on Thursday, September 27th. Finally, Credit Suisse Group set a C$7.00 price objective on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a report on Friday, August 3rd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$6.08.
Shares of Bombardier, Inc. Class B stock opened at C$3.17 on Monday. 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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