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

Bombardier Inc. (OTCMKTS:BDRBF) gapped down before the market opened on Friday . The stock had previously closed at $175.13, but opened at $161.53. Bombardier shares last traded at $169.06, with a volume of 736 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BDRBF. Zacks Research raised shares of Bombardier to a “hold” rating in a research report on Tuesday, December 16th. National Bankshares reiterated an “outperform” rating and set a $263.00 target price on shares of Bombardier in a research report on Tuesday, December 2nd. The Goldman Sachs Group cut Bombardier to a “neutral” rating in a research report on Tuesday, October 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research note on Wednesday, October 15th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $263.00.

Bombardier Stock Performance

The business has a 50 day moving average of $153.55 and a 200 day moving average of $128.52.

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.