Bombardier Inc. (OTCMKTS:BDRBF) Given Consensus Recommendation of “Buy” by Analysts

Bombardier Inc. (OTCMKTS:BDRBF – Get Rating) has been assigned an average rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $2.56.

Several research firms recently commented on BDRBF. UBS Group upgraded Bombardier from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 18th. Desjardins boosted their target price on Bombardier from C$2.75 to C$3.25 in a research note on Monday, February 14th. Vertical Research raised Bombardier from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Scotiabank raised Bombardier from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 25th. Finally, BMO Capital Markets upped their price target on Bombardier from C$2.75 to C$2.85 in a research report on Friday, February 11th.

Bombardier stock opened at $0.94 on Friday. Bombardier has a 52 week low of $0.73 and a 52 week high of $1.88. The business has a 50-day simple moving average of $1.04 and a 200 day simple moving average of $1.22.

A hedge fund recently bought a new stake in Bombardier stock. Ancora Advisors LLC purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,500 shares of the company’s stock, valued at approximately $32,000.

About Bombardier (Get Rating)

Bombardier Inc engages in the manufacture and sale of business aircraft in Europe, North America, the Asia Pacific, and internationally. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, smart services, service centers, training, and technical publications.

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