Bombardier (TSE:BBD.B) had its price objective boosted by investment analysts at National Bank Financial from C$3.50 to C$4.25 in a research report issued on Tuesday, December 19th. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 41.67% from the stock’s previous close.
A number of other analysts have also issued reports on BBD.B. BMO Capital Markets increased their price target on shares of Bombardier from C$3.10 to C$3.30 in a research report on Friday, November 3rd. Cormark upgraded Bombardier from a “market perform” rating to a “buy” rating and increased their price target for the company from C$2.40 to C$3.20 in a report on Tuesday, October 24th. Macquarie increased their price target on Bombardier from C$3.00 to C$3.50 in a report on Friday, October 27th. TD Securities raised their price objective on shares of Bombardier from C$2.50 to C$2.75 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Citigroup raised their price objective on shares of Bombardier from C$2.80 to C$3.70 in a research note on Thursday, November 23rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Bombardier presently has an average rating of “Buy” and a consensus price target of C$3.49.
Bombardier (BBD.B) traded up C$0.03 during trading hours on Tuesday, hitting C$3.00. 7,460,000 shares of the stock traded hands, compared to its average volume of 6,130,000. Bombardier has a one year low of C$1.96 and a one year high of C$3.24. The company has a market cap of $6,740.00, a price-to-earnings ratio of -7.50 and a beta of 1.05.
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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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