Shares of Bombardier Inc (OTCMKTS:BDRBF) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $1.91.
A number of research firms recently issued reports on BDRBF. Citigroup Inc. restated a “neutral” rating and set a $2.07 price objective (up previously from $2.00) on shares of Bombardier in a report on Thursday, August 25th. Scotiabank reiterated a “sector perform” rating and set a $1.75 target price on shares of Bombardier in a research report on Monday, June 13th. Raymond James Financial Inc. reiterated a “market perform” rating and set a $2.00 target price (up previously from $1.30) on shares of Bombardier in a research report on Thursday, August 11th. National Bank Financial upgraded shares of Bombardier from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $2.15 to $2.60 in a research report on Wednesday, August 10th. Finally, Cowen and Company reiterated a “market perform” rating and set a $1.65 target price (up previously from $1.05) on shares of Bombardier in a research report on Wednesday, August 10th.
An institutional investor recently bought a new position in Bombardier stock. Wilen Investment Management CORP. bought a new stake in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 347,900 shares of the company’s stock, valued at approximately $487,000.
Bombardier (OTCMKTS:BDRBF) traded up 1.7417% during trading on Wednesday, reaching $1.2209. 552,608 shares of the company were exchanged. The company’s market capitalization is $2.71 billion. The firm’s 50-day moving average is $1.48 and its 200 day moving average is $1.42. Bombardier has a one year low of $0.51 and a one year high of $1.82.
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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