Bombardier Cl A MV Gets a Buy Rating from BMO Capital

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Bombardier Cl A MV (TSX: BBD.A). Analyst Fadi Chamoun from BMO Capital reiterated a Buy rating, with a C$3.75 price target.

According to TipRanks.com, Chamoun is a top 100 analyst with an average return of 19.8% and a 84.7% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, WestJet Airlines Ltd, and Union Pacific Corp.

Bombardier Cl A MV has an analyst consensus of Strong Buy, with a price target consensus of C$3.56.

The company has a one-year high of C$3.25 and a one-year low of C$1.87. Currently, Bombardier Cl A MV has an average volume of 139.2K.

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 Thursday at C$3.16, close to its 52-week high of C$3.25.