Bombardier Inc (BDRBF) Upgraded at Macquarie
BDRBF has been the topic of a number of other reports. Citigroup Inc. reiterated a neutral rating and set a $2.07 price target (up from $2.00) on shares of Bombardier in a research note on Thursday, August 25th. National Bank Financial upgraded shares of Bombardier from a sector perform rating to an outperform rating and boosted their price target for the stock from $2.15 to $2.60 in a research note on Wednesday, August 10th. Scotiabank reiterated an outperform rating and set a $2.75 price target on shares of Bombardier in a research note on Wednesday, August 10th. TD Securities restated a reduce rating and set a $1.45 target price on shares of Bombardier in a research report on Wednesday, August 10th. Finally, Cowen and Company restated a market perform rating and set a $1.65 target price (up from $1.05) on shares of Bombardier in a research report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $1.85.
Shares of Bombardier (OTCMKTS:BDRBF) opened at 1.26 on Monday. Bombardier has a 52-week low of $0.51 and a 52-week high of $1.82. The stock’s market cap is $2.80 billion. The stock’s 50 day moving average is $1.51 and its 200 day moving average is $1.41.
A hedge fund recently bought a new stake in Bombardier stock. Wilen Investment Management CORP. acquired a new stake in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 347,900 shares of the company’s stock, valued at approximately $487,000.
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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