Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$4.50 by Analysts at Royal Bank of Canada

Bombardier, Inc. Class B (TSE:BBD.B) had its price target reduced by Royal Bank of Canada from C$6.00 to C$4.50 in a research report sent to investors on Friday. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on BBD.B. Credit Suisse Group set a C$7.00 target price on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a research report on Friday, August 3rd. BMO Capital Markets set a C$6.00 target price on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a research report on Tuesday, July 24th. Desjardins lowered their price target on shares of Bombardier, Inc. Class B from C$6.00 to C$5.00 and set a buy rating for the company in a report on Friday. CSFB lowered their price target on shares of Bombardier, Inc. Class B from C$7.00 to C$4.48 in a report on Friday. Finally, Raymond James reiterated an outperform rating and set a C$6.00 price target on shares of Bombardier, Inc. Class B in a report on Monday, October 29th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$5.41.

Shares of BBD.B opened at C$2.50 on Friday. 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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