Bombardier (BBD.B) Price Target Raised to C$4.25 at CIBC

Bombardier (TSE:BBD.B) had its price target upped by analysts at CIBC from C$3.75 to C$4.25 in a report released on Monday. CIBC’s price objective would indicate a potential upside of 12.14% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and set a C$4.50 target price on shares of Bombardier in a research note on Thursday, March 22nd. TD Securities boosted their target price on shares of Bombardier from C$3.50 to C$4.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Citigroup decreased their target price on shares of Bombardier from C$4.60 to C$4.50 in a research note on Monday, March 26th. National Bank Financial boosted their target price on shares of Bombardier from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Raymond James Financial upped their price objective on Bombardier from C$3.75 to C$4.25 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$4.24.

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BBD.B traded up C$0.07 during mid-day trading on Monday, reaching C$3.79. 11,190,000 shares of the company traded hands, compared to its average volume of 9,460,000. Bombardier has a 52-week low of C$1.96 and a 52-week high of C$4.16.

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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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