Desjardins Reaffirms “Buy” Rating for Bombardier (BBD.B)

Desjardins reissued their buy rating on shares of Bombardier (TSE:BBD.B) in a report issued on Monday, December 18th. Desjardins currently has a C$4.00 target price on the stock.

Other analysts also recently issued research reports about the stock. Citigroup raised their price target on shares of Bombardier from C$2.80 to C$3.70 in a research report on Thursday, November 23rd. CIBC lifted their price objective on shares of Bombardier from C$3.00 to C$3.25 in a report on Friday, October 20th. BMO Capital Markets lifted their price objective on shares of Bombardier from C$3.10 to C$3.30 in a report on Friday, November 3rd. Macquarie raised their target price on Bombardier from C$3.00 to C$3.50 in a research note on Friday, October 27th. Finally, Cormark upgraded Bombardier from a market perform rating to a buy rating and raised their target price for the company from C$2.40 to C$3.20 in a research note on Tuesday, October 24th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of C$3.49.

Shares of Bombardier (TSE:BBD.B) traded up C$0.03 during trading hours on Monday, reaching C$3.00. 7,460,000 shares of the company’s stock traded hands, compared to its average volume of 6,130,000. Bombardier has a one year low of C$1.96 and a one year high of C$3.24. The firm has a market capitalization of $6,740.00, a P/E ratio of -7.50 and a beta of 1.05.

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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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