In a report released on January 29, Walter Spracklin from RBC Capital maintained a Buy rating on Bombardier (BDRBF – Research Report), with a price target of C$98.00. The company’s shares closed yesterday at $37.62.
According to TipRanks, Spracklin is a 5-star analyst with an average return of 15.3% and a 63.60% success rate. Spracklin covers the Industrials sector, focusing on stocks such as TFI International, GFL Environmental, and Canadian National Railway.
Bombardier has an analyst consensus of Strong Buy, with a price target consensus of $65.17, representing a 73.23% upside. In a report released on January 22, Scotiabank also maintained a Buy rating on the stock with a C$90.00 price target.
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The company has a one-year high of $55.25 and a one-year low of $29.22. Currently, Bombardier has an average volume of 28.52K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BDRBF in relation to earlier this year.
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Bombardier (BDRBF) Company Description:
Bombardier, Inc. manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories. The Commercial Aircraft segment designs and manufactures a portfolio of commercial aircrafts. The Aerostructures and Engineering Services segment designs and manufactures major aircraft structural components such as engine nacelles, fuselages and wings and provides aftermarket component repair and overhaul as well as other engineering services for both internal and external clients. The Transportation segment offers product range and services to the rail industry and covers the full spectrum of rail solutions such as complete trains to subsystems, services, system integration, signaling, and e-mobility solutions. The company was founded on June 19, 1902 and is headquartered in Montreal, Canada.
Read More on BDRBF:
- Bombardier Unveils University of Victoria as First Announced Academic Partnership in the Pan-Canadian EcoJet Research Project
- Bombardier price target raised to C$90 from C$85 at Scotiabank
- Bombardier price target lowered to C$60 from C$62 at CIBC
- Bombardier Announces Firm Order for 12 Challenger 3500 Jets
- Bombardier announces firm order for 12 Challenger 3500 jets
