Bombardier Inc. (OTCMKTS:BDRBF) Given Consensus Recommendation of “Hold” by Brokerages

Bombardier Inc. (OTCMKTS:BDRBF) has been assigned an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $263.00.

A number of research firms recently weighed in on BDRBF. National Bankshares reissued an “outperform” rating and set a $263.00 target price on shares of Bombardier in a report on Tuesday, December 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Wednesday. Scotiabank lowered shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. The Goldman Sachs Group downgraded shares of Bombardier to a “neutral” rating in a report on Tuesday, October 7th. Finally, CIBC lowered shares of Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday.

Bombardier Price Performance

Shares of OTCMKTS BDRBF opened at $194.27 on Friday. The business’s 50 day moving average price is $169.40 and its two-hundred day moving average price is $141.80. Bombardier has a twelve month low of $45.63 and a twelve month high of $200.00.

Bombardier Company Profile

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.