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

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price 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 traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BDRBF. CIBC downgraded Bombardier from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 20th. Zacks Research upgraded shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th. National Bankshares reissued an “outperform” rating and set a $263.00 price target on shares of Bombardier in a research report on Tuesday, December 2nd. Scotiabank cut shares of Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Bombardier currently has an average rating of “Hold” and a consensus price target of $263.00.

Bombardier Stock Performance

The company’s 50-day moving average is $172.62 and its 200 day moving average is $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.