Shares of Bombardier, Inc. (TSE:BBD.B) have been given an average recommendation of “Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$2.88.

A number of brokerages have recently weighed in on BBD.B. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$3.00 price target on shares of Bombardier in a report on Thursday, June 15th. BMO Capital Markets upgraded Bombardier from a “market perform” rating to an “outperform” rating and set a C$2.75 price target for the company in a report on Monday, May 29th. Raymond James Financial, Inc. upgraded Bombardier from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$2.50 to C$3.25 in a report on Monday, July 31st. National Bank Financial boosted their price target on Bombardier from C$2.75 to C$2.90 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) upgraded Bombardier from a “neutral” rating to a “buy” rating in a report on Tuesday, July 4th.

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About Bombardier

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).

Analyst Recommendations for Bombardier (TSE:BBD.B)

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