Bombardier, Inc. (OTCMKTS:BDRBF) Receives $0.54 Consensus Price Target from Analysts

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Shares of Bombardier, Inc. (OTCMKTS:BDRBF) have earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $0.54.

Several equities analysts recently weighed in on the company. BMO Capital Markets cut their price target on Bombardier from $0.60 to $0.50 and set a “market perform” rating for the company in a research note on Friday, August 7th. Goldman Sachs Group decreased their price objective on Bombardier from $0.85 to $0.75 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. CIBC decreased their price objective on Bombardier from $0.60 to $0.55 and set a “neutral” rating on the stock in a report on Monday, August 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $0.50 price objective on shares of Bombardier in a report on Monday, August 10th. Finally, Scotiabank upped their price objective on Bombardier from $0.50 to $0.57 and gave the company a “sector perform” rating in a report on Monday, August 10th.

Shares of OTCMKTS BDRBF traded down $0.01 during trading on Friday, reaching $0.30. 484,916 shares of the company traded hands, compared to its average volume of 934,266. The firm’s fifty day simple moving average is $0.32 and its 200 day simple moving average is $0.46. Bombardier has a 12-month low of $0.27 and a 12-month high of $1.62.

About Bombardier

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in two segments, Aviation and Transportation. The Aviation segment designs, manufactures, and markets business jets; designs and manufactures a portfolio of commercial aircraft in the 50- to 100-seat categories, including the CRJ550, CRJ700, CRJ900, and CRJ1000 regional jets; designs, develops, and manufactures aircraft structural components, such as engine nacelles, fuselages, and wings; and provides aftermarket component repair, overhaul, and other engineering services.

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Analyst Recommendations for Bombardier (OTCMKTS:BDRBF)

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