Bombardier Inc (OTCMKTS:BDRBF)‘s stock had its “hold” rating restated by research analysts at TD Securities in a report released on Tuesday. They currently have a $1.45 price target on the stock. TD Securities’ price target points to a potential upside of 9.85% from the company’s current price.
A number of other research firms have also issued reports on BDRBF. RBC Capital Markets reiterated an “outperform” rating and set a $2.50 target price on shares of Bombardier in a report on Friday, September 16th. Scotiabank reiterated an “outperform” rating and set a $2.75 target price on shares of Bombardier in a report on Friday, September 23rd. Macquarie upgraded shares of Bombardier from an “underperform” rating to an “outperform” rating in a report on Monday, September 19th. Citigroup Inc. reiterated a “neutral” rating and set a $2.07 target price (up from $2.00) on shares of Bombardier in a report on Thursday, August 25th. Finally, Societe Generale reiterated a “sell” rating and set a $1.26 target price (up from $1.10) 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 an average rating of “Hold” and an average target price of $1.85.
Bombardier (OTCMKTS:BDRBF) traded up 0.76% during mid-day trading on Tuesday, reaching $1.33. 6,815 shares of the company’s stock were exchanged. The stock’s market cap is $2.95 billion. Bombardier has a 52 week low of $0.51 and a 52 week high of $1.82. The stock has a 50-day moving average price of $1.39 and a 200-day moving average price of $1.45.
An institutional investor recently bought a new position in Bombardier stock. Wilen Investment Management CORP. acquired a new position in Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent filing with the SEC. The fund acquired 347,900 shares of the company’s stock, valued at approximately $487,000.
Bombardier Company Profile
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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