Bombardier, Inc. (OTCMKTS:BDRBF) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.15.
Several equities analysts have commented on the company. Goldman Sachs Group downgraded Bombardier from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.75 to $2.00 in a report on Friday, August 16th. Barclays set a $2.30 price target on Bombardier and gave the company a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. downgraded Bombardier from an “overweight” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Desjardins downgraded Bombardier to a “buy” rating in a report on Friday, August 2nd.
Shares of OTCMKTS:BDRBF traded up $0.01 during trading hours on Thursday, hitting $1.54. 92,225 shares of the company’s stock traded hands, compared to its average volume of 231,250. Bombardier has a 52 week low of $1.16 and a 52 week high of $2.27. The company’s fifty day simple moving average is $1.29 and its two-hundred day simple moving average is $1.47.
Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and markets business jets, as well as provides aftermarket support services.
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