Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$5.25 by Analysts at Raymond James
BBD.B has been the subject of a number of other reports. Royal Bank of Canada boosted their price target on Bombardier, Inc. Class B from C$5.50 to C$6.00 and gave the company an outperform rating in a report on Friday, August 3rd. CIBC decreased their price target on Bombardier, Inc. Class B from C$6.00 to C$5.75 in a report on Wednesday, October 17th. Vertical Research reissued a buy rating and issued a C$5.70 price target on shares of Bombardier, Inc. Class B in a report on Thursday, September 27th. CSFB boosted their price target on Bombardier, Inc. Class B from C$5.68 to C$7.00 in a report on Thursday, July 12th. Finally, Barclays boosted their price target on Bombardier, Inc. Class B from C$5.00 to C$7.00 in a report on Monday, July 30th. One equities research 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 a consensus price target of C$5.51.
TSE:BBD.B traded up C$0.24 during trading hours on Friday, reaching C$2.65. The company had a trading volume of 18,819,970 shares, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a 1-year low of C$1.96 and a 1-year high of C$4.16.
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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