Bombardier Inc (BDRBF) Earns “Hold” Rating from TD Securities

TD Securities reiterated their hold rating on shares of Bombardier Inc (OTCMKTS:BDRBF) in a research report report published on Sunday morning. TD Securities currently has a $1.55 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America Corp. raised shares of Bombardier from an underperform rating to a buy rating in a research report on Monday, October 24th. Scotiabank reaffirmed an outperform rating and issued a $2.75 price target on shares of Bombardier in a research note on Friday, September 23rd. Macquarie raised Bombardier from an underperform rating to an outperform rating in a research note on Monday, September 19th. RBC Capital Markets reaffirmed an outperform rating and issued a $2.50 price target on shares of Bombardier in a research note on Friday, September 16th. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $2.07 price target (up previously from $2.00) on shares of Bombardier in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Bombardier currently has an average rating of Hold and an average price target of $1.92.

Shares of Bombardier (OTCMKTS:BDRBF) traded down 2.0296% on Friday, hitting $1.3226. 57,920 shares of the stock traded hands. The stock’s market cap is $2556.16 billion. The stock has a 50 day moving average of $1.32 and a 200-day moving average of $1.47. Bombardier has a 1-year low of $0.51 and a 1-year high of $1.82.

An institutional investor recently bought a new position in Bombardier stock. Wilen Investment Management CORP. acquired a new stake in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 347,900 shares of the company’s stock, valued at approximately $487,000.

Bombardier Company Profile

Bombardier Inc is a manufacturer of transportation equipment, such as business and commercial aircraft, aircraft structural components and rail transportation equipment and systems, and is a provider of related services. The Company operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation.

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