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

Bombardier Inc. (OTCMKTS:BDRBF) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $263.00.

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of Bombardier to a “neutral” rating in a research report on Tuesday, October 7th. Zacks Research upgraded Bombardier to a “hold” rating in a report on Tuesday, December 16th. National Bankshares reissued an “outperform” rating and issued a $263.00 price objective on shares of Bombardier in a research report on Tuesday, December 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Wednesday, October 15th.

Bombardier Price Performance

OTCMKTS:BDRBF opened at $178.00 on Monday. Bombardier has a fifty-two week low of $45.63 and a fifty-two week high of $178.35. The company has a 50 day simple moving average of $154.41 and a two-hundred day simple moving average of $129.97.

Bombardier Company Profile

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.