Trade Report: Today, Bombardier, Inc. (BBD.B) Receives Consensus Recommendation of “Hold” from Brokerages

Today, Bombardier, Inc. (BBD.B) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Bombardier, Inc. (TSE:BBD.B) have been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$2.03.

A number of equities analysts have issued reports on the stock. TD Securities reissued a “reduce” rating and issued a C$1.45 target price on shares of Bombardier in a report on Monday, August 8th. Scotiabank reissued an “outperform” rating and issued a C$2.75 target price on shares of Bombardier in a report on Monday, August 8th. Goldman Sachs Group Inc. cut their target price on shares of Bombardier from C$1.73 to C$1.67 in a report on Monday, August 8th. Raymond James Financial Inc. raised their target price on shares of Bombardier from C$1.30 to C$2.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. Finally, National Bank Financial raised their price target on shares of Bombardier from C$2.15 to C$2.60 and gave the company an “outperform” rating in a research note on Monday, August 8th.

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