BMO Capital Markets Reaffirms “Outperform” Rating for Bombardier, Inc. (TSE:BBD.B)

BMO Capital Markets reissued their outperform rating on shares of Bombardier, Inc. (TSE:BBD.B) in a research report sent to investors on Wednesday, October 18th. They currently have a C$3.30 price target on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James Financial, Inc. upgraded Bombardier from a market perform rating to an outperform rating and increased their price target for the stock from C$2.50 to C$3.25 in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$3.00 price target on shares of Bombardier in a report on Thursday, June 22nd. National Bank Financial raised their price objective on shares of Bombardier from C$2.90 to C$3.00 and gave the stock an outperform rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) raised shares of Bombardier from a neutral rating to a buy rating in a research note on Tuesday, July 4th. Finally, TD Securities lifted their price target on shares of Bombardier from C$2.15 to C$2.25 and gave the company a hold rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Bombardier presently has an average rating of Buy and an average price target of C$3.01.

Bombardier (TSE BBD.B) traded down C$0.01 during mid-day trading on Wednesday, hitting C$3.12. The company’s stock had a trading volume of 13,850,000 shares, compared to its average volume of 10,740,000. Bombardier has a 1 year low of C$1.72 and a 1 year high of C$3.24.

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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).

Analyst Recommendations for Bombardier (TSE:BBD.B)

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