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.
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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