Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$5.00 by Analysts at Desjardins

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Bombardier, Inc. Class B (TSE:BBD.B) had its price objective lowered by Desjardins from C$6.00 to C$5.00 in a research report sent to investors on Friday. Desjardins currently has a buy rating on the stock.

A number of other brokerages have also recently commented on BBD.B. Credit Suisse Group set a C$7.00 price target on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a research note on Friday, August 3rd. BMO Capital Markets set a C$6.00 price target on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a research note on Tuesday, July 24th. Raymond James restated an outperform rating and set a C$6.00 price target on shares of Bombardier, Inc. Class B in a research note on Monday, October 29th. Barclays raised their price target on shares of Bombardier, Inc. Class B from C$5.00 to C$7.00 in a research note on Monday, July 30th. Finally, CSFB raised their price target on shares of 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 stock. The stock has a consensus rating of Buy and an average price target of C$5.51.

Shares of TSE BBD.B traded up C$0.24 during mid-day trading on Friday, hitting C$2.65. The company had a trading volume of 18,819,970 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.

About Bombardier, Inc. Class B

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

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