Bombardier Inc. (OTCMKTS:BDRBF) Receives Consensus Rating of “Buy” from Brokerages

Bombardier Inc. (OTCMKTS:BDRBFGet Rating) has received an average rating of “Buy” from the twelve brokerages that are currently covering the company, reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $2.56.

A number of equities research analysts have commented on BDRBF shares. BMO Capital Markets raised their price objective on Bombardier from C$2.75 to C$2.85 in a research note on Friday, February 11th. Scotiabank upgraded Bombardier from a “sector perform” rating to an “outperform” rating in a report on Friday, February 25th. Desjardins lifted their price target on Bombardier from C$2.75 to C$3.25 in a report on Monday, February 14th. UBS Group upgraded Bombardier from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 18th. Finally, National Bank Financial boosted their target price on Bombardier from C$2.50 to C$2.65 in a research report on Friday, February 11th.

Shares of 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 stock has a 50 day moving average price of $1.04 and a two-hundred day moving average price 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:BDRBFGet 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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