Bombardier (OTCMKTS:BDRBF) Stock Passes Above 50 Day Moving Average of $18.30

Bombardier Inc. (OTCMKTS:BDRBFGet Rating) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.30 and traded as high as $20.53. Bombardier shares last traded at $20.10, with a volume of 53,830 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on BDRBF shares. Scotiabank upped their price objective on shares of Bombardier from C$2.35 to C$55.00 in a report on Tuesday, June 14th. National Bank Financial decreased their price target on shares of Bombardier from C$65.00 to C$46.00 in a research note on Wednesday, July 20th. UBS Group upgraded shares of Bombardier from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 18th. BMO Capital Markets decreased their price target on shares of Bombardier from C$71.25 to C$63.00 in a research note on Monday, June 27th. Finally, TD Securities decreased their price target on shares of Bombardier from C$69.00 to C$62.00 in a research note on Wednesday, June 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.43.

Bombardier Stock Performance

The company’s 50-day moving average is $18.30 and its 200 day moving average is $24.91.

Institutional Trading of Bombardier

A hedge fund recently bought a new stake in Bombardier stock. HWG Holdings LP purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBFGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 64,983 shares of the company’s stock, valued at approximately $86,000.

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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