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Desjardins Thinks Bombardier Cl A MV’s Stock is Going to Recover


A Wall Street analyst has provided a review for the Consumer Goods company today, but retained the same rating on the stock. Analyst Benoit Poirier from Desjardins rated Bombardier Cl A MV (BBD.A) a Buy, setting a C$5 price target.

Poirier has an average return of 32.4% when recommending Bombardier Cl A MV.

According to TipRanks.com, Poirier is ranked #200 out of 4912 analysts.

Bombardier Cl A MV has an analyst consensus of Strong Buy, with a price target consensus of C$4.94, an 83.0% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$4.50 price target.

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Bombardier Cl A MV’s market cap is currently C$5.86B and has a P/E ratio of 0. The company has a Price to Book ratio of -0.73.

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 company’s shares closed on Friday at C$2.70, close to its 52-week low of C$2.36.