Bombardier, Inc. Class B (BBD.B) Price Target Cut to C$5.00 by Analysts at JPMorgan Chase & Co.

Bombardier, Inc. Class B (TSE:BBD.B) had its target price reduced by JPMorgan Chase & Co. from C$5.50 to C$5.00 in a research report report published on Friday morning.

A number of other research firms have also commented on BBD.B. Barclays lifted their target price on shares of Bombardier, Inc. Class B from C$5.00 to C$7.00 in a report on Monday, July 30th. Desjardins lowered their target price on shares of Bombardier, Inc. Class B from C$6.00 to C$5.00 and set a buy rating for the company in a report on Friday. CSFB lowered their target price on shares of Bombardier, Inc. Class B from C$7.00 to C$4.48 in a report on Friday. BMO Capital Markets set a C$6.00 target price on shares of Bombardier, Inc. Class B and gave the stock an outperform rating in a report on Tuesday, July 24th. Finally, Raymond James reaffirmed an outperform rating and set a C$6.00 target price on shares of Bombardier, Inc. Class B in a report on Monday, October 29th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$5.51.

BBD.B traded up C$0.24 during trading on Friday, reaching C$2.65. 18,819,970 shares of the company’s stock were exchanged, compared to its average volume of 9,460,000. Bombardier, Inc. Class B has a fifty-two week low of C$1.96 and a fifty-two week high of C$4.16.

About Bombardier, Inc. Class B

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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Analyst Recommendations for Bombardier, Inc. Class B (TSE:BBD.B)

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