Bombardier Inc (BDRBF) Receives $2.13 Consensus Price Target from Analysts

Shares of Bombardier Inc (OTCMKTS:BDRBF) have been assigned an average recommendation of “Buy” from the fourteen analysts that are presently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $2.21.

Several equities analysts have recently commented on the stock. Societe Generale upgraded shares of Bombardier from a “sell” rating to a “hold” rating in a report on Thursday. Raymond James Financial, Inc. upgraded shares of Bombardier from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $2.25 to $2.75 in a report on Monday, December 19th. Scotiabank restated an “outperform” rating and issued a $2.75 price objective on shares of Bombardier in a report on Friday, December 16th. Citigroup Inc. upgraded shares of Bombardier from a “neutral” rating to a “buy” rating in a report on Friday, December 16th. Finally, Bank of America Corporation upgraded shares of Bombardier from an “underperform” rating to a “buy” rating in a report on Monday, October 24th.

A hedge fund recently bought a new stake in Bombardier stock. Wilen Investment Management CORP. bought a new position in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 347,900 shares of the company’s stock, valued at approximately $487,000.

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Bombardier (OTCMKTS:BDRBF) opened at 1.9609 on Wednesday. Bombardier has a one year low of $0.61 and a one year high of $2.12. The stock’s market capitalization is $4.30 billion. The company’s 50-day moving average is $1.87 and its 200 day moving average is $1.54.

About Bombardier

Bombardier Inc is a manufacturer of transportation equipment, such as business and commercial aircraft, aircraft structural components and rail transportation equipment and systems, and is a provider of related services. The Company operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation.

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