Bombardier (OTCMKTS:BDRBF) Shares Gap Down – Here’s Why

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped down prior to trading on Friday . The stock had previously closed at $183.78, but opened at $147.56. Bombardier shares last traded at $170.91, with a volume of 2,349 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on BDRBF shares. The Goldman Sachs Group cut shares of Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. National Bankshares reaffirmed an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research report on Tuesday, December 2nd. Zacks Research raised Bombardier to a “hold” rating in a research report on Tuesday, December 16th. CIBC lowered Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Finally, Scotiabank downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bombardier presently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Price Performance

The stock’s 50 day moving average is $172.91 and its two-hundred day moving average is $144.76.

About Bombardier

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.