Bombardier (TSE:BBD.B) had its price target raised by investment analysts at Scotiabank from C$4.25 to C$4.50 in a note issued to investors on Friday, February 16th. The brokerage presently has a “neutral” rating on the stock. Scotiabank’s target price would indicate a potential upside of 20.64% from the stock’s current price.
Several other research analysts have also commented on BBD.B. TD Securities raised their price objective on Bombardier from C$3.25 to C$3.50 in a research report on Friday, February 2nd. Desjardins raised their price objective on Bombardier from C$4.50 to C$4.75 and gave the company a “buy” rating in a research report on Friday, February 16th. Raymond James Financial raised their price objective on Bombardier from C$3.75 to C$4.25 and gave the company an “outperform” rating in a research report on Monday, January 29th. BMO Capital Markets raised their price objective on Bombardier from C$3.75 to C$4.50 in a research report on Friday, February 16th. Finally, National Bank Financial raised their price objective on Bombardier from C$3.50 to C$4.25 and gave the company an “outperform” rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Bombardier has a consensus rating of “Buy” and a consensus target price of C$4.03.
Bombardier (TSE BBD.B) traded down C$0.02 during trading hours on Friday, reaching C$3.73. Bombardier has a 1 year low of C$1.96 and a 1 year high of C$4.16. The firm has a market cap of $8,370.00, a P/E ratio of -11.66 and a beta of 0.93.
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Bombardier Company Profile
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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