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


Bombardier Cl A MV (BBD.A), the Consumer Goods sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Steve Hansen, with a C$5.25 price target.

According to TipRanks.com, Hansen is ranked #1836 out of 4912 analysts.

Currently, the analyst consensus on Bombardier Cl A MV is a Strong Buy with an average price target of C$4.94, which is 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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The company has a one-year high of C$5.60 and a one-year low of C$2.36. Currently, Bombardier Cl A MV has an average volume of 201.3K.

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.