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

Bombardier, Inc. Class B (TSE:BBD.B) has been assigned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$5.36.

BBD.B has been the topic of a number of recent research reports. Raymond James boosted their price target on shares of Bombardier, Inc. Class B from C$4.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, July 5th. CIBC raised shares of Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$4.50 to C$6.00 in a research note on Monday, June 11th. Citigroup lifted their target price on shares of Bombardier, Inc. Class B from C$4.50 to C$5.00 in a research note on Thursday, May 17th. CSFB lifted their target price on shares of Bombardier, Inc. Class B from C$5.68 to C$7.00 in a research note on Thursday, July 12th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a C$7.00 target price on shares of Bombardier, Inc. Class B in a research note on Monday, June 18th.

Bombardier, Inc. Class B traded down C$0.02, reaching C$4.82, on Friday, according to Marketbeat.com. 6,126,419 shares of the company’s stock were exchanged, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a twelve month low of C$1.96 and a twelve 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).

Further Reading: Average Daily Trade Volume – What It Means In Stock Trading

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

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