Brokerages Set Bombardier Inc. (OTCMKTS:BDRBF) Target Price at $263.00

Bombardier Inc. (OTCMKTS:BDRBF) has received a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $263.00.

A number of analysts have issued reports on BDRBF shares. Canadian Imperial Bank of Commerce lowered shares of Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. UBS Group restated a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. The Goldman Sachs Group lowered shares of Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Zacks Research raised shares of Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Finally, National Bank Financial reaffirmed an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research report on Tuesday, December 2nd.

Bombardier Stock Performance

OTCMKTS:BDRBF opened at $199.44 on Tuesday. The stock’s fifty day moving average is $178.72 and its two-hundred day moving average is $150.83. Bombardier has a 52 week low of $50.77 and a 52 week high of $201.87.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, February 12th. The company reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $1.42. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.48 billion.

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.