Separately, Raymond James reaffirmed a buy rating and issued a C$5.25 price objective on shares of Bombardier in a research report on Friday.
Shares of TSE:BBD.A traded up C$0.22 during midday trading on Friday, reaching C$2.70. The company’s stock had a trading volume of 768,035 shares, compared to its average volume of 187,486. Bombardier has a 1 year low of C$1.87 and a 1 year high of C$4.17.
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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