Bombardier (BBD.B) Price Target Raised to C$4.50 at Scotiabank
Bombardier (TSE:BBD.B) had its price objective raised by analysts at Scotiabank from C$4.25 to C$4.50 in a note issued to investors on Friday, February 16th. The brokerage currently has a “neutral” rating on the stock. Scotiabank’s target price points to a potential upside of 20.64% from the stock’s current price.
BBD.B has been the subject of several other research reports. Desjardins upped their target price on shares of Bombardier from C$4.00 to C$4.50 in a research report on Monday, January 29th. BMO Capital Markets upped their target price on shares of Bombardier from C$3.10 to C$3.30 in a research report on Friday, November 3rd. Macquarie upped their target price on shares of Bombardier from C$3.00 to C$3.50 in a research report on Friday, October 27th. CIBC upped their price objective on shares of Bombardier from C$3.00 to C$3.25 in a research report on Friday, October 20th. Finally, Citigroup upped their price objective on shares of Bombardier from C$2.80 to C$3.70 in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Bombardier presently has an average rating of “Buy” and an average price target of C$4.03.
Shares of Bombardier (TSE:BBD.B) traded down C$0.02 on Friday, hitting C$3.73. The stock had a trading volume of 6,290,000 shares, compared to its average volume of 9,700,000. The firm has a market cap of $8,370.00, a P/E ratio of -11.66 and a beta of 0.93. Bombardier has a fifty-two week low of C$1.96 and a fifty-two week 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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