Bombardier, Inc. Class B (BBD.B) Price Target Lowered to C$5.50 at National Bank Financial

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective cut by investment analysts at National Bank Financial from C$6.00 to C$5.50 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 107.55% from the stock’s current price.

Several other research analysts have also recently commented on BBD.B. CSFB raised their target price on Bombardier, Inc. Class B from C$5.68 to C$7.00 in a research report on Thursday, July 12th. Barclays raised their target price on Bombardier, Inc. Class B from C$5.00 to C$7.00 in a research report on Monday, July 30th. Royal Bank of Canada increased their price objective on Bombardier, Inc. Class B from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. BMO Capital Markets set a C$6.00 price objective on Bombardier, Inc. Class B and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. 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 research note on Friday, August 3rd. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$5.51.

Shares of BBD.B stock opened at C$2.65 on Friday. Bombardier, Inc. Class B has a one year low of C$1.96 and a one year 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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