RBC Capital Reaffirms Their Buy Rating on Bombardier Cl A MV (BBD.A)

By Ryan Adsit

In a new note to investors today, an analyst has provided a rating update for the Consumer Goods sector company, Bombardier Cl A MV (BBD.AResearch Report). Analyst Walter Spracklin from RBC Capital remains bullish on the stock and has a C$3 price target.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 18.5% and a 76.0% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Canadian Pacific, and Norfolk Southern.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bombardier Cl A MV with a C$3.03 average price target, representing a 25.2% upside. In a report released today, Raymond James also upgraded the stock to Buy with a C$3.50 price target.

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Bombardier Cl A MV’s market cap is currently C$6.05B and has a P/E ratio of 22.3. The company has a Price to Book ratio of -0.75.

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$2.42.