Bombardier (OTCMKTS:BDRBF) Shares Gap Down – What’s Next?

Shares of Bombardier Inc. (OTCMKTS:BDRBF) gapped down prior to trading on Friday . The stock had previously closed at $183.78, but opened at $147.56. Bombardier shares last traded at $170.91, with a volume of 2,349 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BDRBF. Zacks Research raised shares of Bombardier to a “hold” rating in a report on Tuesday, December 16th. The Goldman Sachs Group downgraded Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday. CIBC lowered Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research report on Wednesday, January 21st. Finally, National Bankshares reissued an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Stock Down 9.2%

The business has a 50 day moving average price of $172.62 and a two-hundred day moving average price of $144.21.

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.