Bombardier, Inc. (TSE:BBD.B) had its price objective hoisted by Citigroup Inc. from C$2.80 to C$3.70 in a research report issued to clients and investors on Thursday. Citigroup Inc.’s price objective points to a potential upside of 20.13% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Bombardier from C$2.89 to C$3.21 and gave the company a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets reiterated an “outperform” rating and issued a C$3.30 price target on shares of Bombardier in a report on Thursday, October 12th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$3.25 price target on shares of Bombardier in a report on Tuesday, October 17th. CIBC lifted their price target on shares of Bombardier from C$3.00 to C$3.25 in a report on Friday, October 20th. Finally, National Bank Financial lifted their price target on shares of Bombardier from C$3.00 to C$3.50 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Bombardier currently has an average rating of “Buy” and an average target price of C$3.04.

Shares of Bombardier (BBD.B) remained flat at $C$3.08 during trading on Thursday. The company’s stock had a trading volume of 729,846 shares, compared to its average volume of 8,950,000. Bombardier has a twelve month low of C$1.83 and a twelve month high of C$3.24.

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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).

Analyst Recommendations for Bombardier (TSE:BBD.B)

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