Bombardier (BBD.A) Stock Rating Reaffirmed by Royal Bank of Canada

Bombardier (TSE:BBD.A)‘s stock had its “average” rating reiterated by equities research analysts at Royal Bank of Canada in a note issued to investors on Friday. They currently have a C$4.50 price objective on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 66.67% from the company’s previous close.

Separately, Raymond James reaffirmed a “buy” rating and issued a C$5.25 target price on shares of Bombardier in a report on Friday.

Shares of BBD.A opened at C$2.70 on Friday. Bombardier has a 12-month low of C$1.87 and a 12-month high of C$4.17.

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).

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