A number of other brokerages also recently issued reports on BDRBF. Citigroup Inc. reiterated a neutral rating and issued a $2.07 price target (up from $2.00) on shares of Bombardier in a report on Thursday, August 25th. Scotiabank reiterated a sector perform rating and issued a $1.75 price target on shares of Bombardier in a report on Monday, June 13th. Raymond James Financial Inc. reiterated a market perform rating and issued a $2.00 price target (up from $1.30) on shares of Bombardier in a report on Thursday, August 11th. National Bank Financial upgraded shares of Bombardier from a sector perform rating to an outperform rating and lifted their price target for the company from $2.15 to $2.60 in a report on Wednesday, August 10th. Finally, Cowen and Company reiterated a market perform rating and issued a $1.65 price target (up from $1.05) on shares of Bombardier in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Bombardier currently has a consensus rating of Hold and an average price target of $1.85.
Shares of Bombardier (OTCMKTS:BDRBF) opened at 1.289 on Monday. The stock’s market capitalization is $2.86 billion. The stock’s 50 day moving average is $1.47 and its 200-day moving average is $1.42. Bombardier has a 12-month low of $0.51 and a 12-month high of $1.82.
A hedge fund recently bought a new stake in Bombardier stock. Wilen Investment Management CORP. purchased a new position in Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent filing with the SEC. The fund purchased 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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