Bombardier Inc. (OTCMKTS:BDRBF) Receives Consensus Rating of “Buy” from Analysts

Bombardier Inc. (OTCMKTS:BDRBF) has earned an average recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $1.97.

Several research analysts have commented on BDRBF shares. Royal Bank of Canada lifted their price target on shares of Bombardier from C$2.00 to C$2.50 and gave the stock an “outperform” rating in a research note on Thursday, September 16th. ATB Capital reiterated a “buy” rating and issued a C$2.50 price target on shares of Bombardier in a report on Tuesday, October 5th. BMO Capital Markets lifted their price target on shares of Bombardier from C$1.80 to C$2.50 and gave the company an “outperform” rating in a report on Friday, August 6th. Cowen upgraded shares of Bombardier from an “underperform” rating to a “market perform” rating and set a $1.35 price target on the stock in a report on Friday, August 6th. Finally, The Goldman Sachs Group raised Bombardier from a “neutral” rating to a “buy” rating and set a $2.35 price target for the company in a research report on Thursday, September 23rd.

An institutional investor recently bought a new position in Bombardier stock. FNY Investment Advisers LLC purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 115,500 shares of the company’s stock, valued at approximately $197,000.

Shares of BDRBF opened at $1.66 on Thursday. The firm’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.10. Bombardier has a 1-year low of $0.20 and a 1-year high of $1.84.

About Bombardier

Bombardier, Inc manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories.

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Analyst Recommendations for Bombardier (OTCMKTS:BDRBF)

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