Bombardier Inc (BDRBF) Stock Rating Reaffirmed by RBC Capital Markets
Bombardier Inc (OTCMKTS:BDRBF)‘s stock had its “outperform” rating reaffirmed by equities research analysts at RBC Capital Markets in a report issued on Friday. They currently have a $2.50 price objective on the stock. RBC Capital Markets’ price objective suggests a potential upside of 85.21% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Raymond James Financial Inc. reiterated a “market perform” rating and set a $2.00 target price (up from $1.30) on shares of Bombardier in a research note on Thursday, August 11th. TD Securities reiterated a “reduce” rating and set a $1.45 target price on shares of Bombardier in a research note on Wednesday, August 10th. Scotiabank upgraded Bombardier from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $2.00 to $2.75 in a research note on Thursday, July 7th. Cowen and Company reiterated a “market perform” rating and set a $1.65 target price (up from $1.05) on shares of Bombardier in a research note on Wednesday, August 10th. Finally, National Bank Financial upgraded Bombardier from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $2.15 to $2.60 in a research note on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $1.85.
Shares of Bombardier (OTCMKTS:BDRBF) opened at 1.3498 on Friday. The firm’s market capitalization is $3.00 billion. The firm’s 50-day moving average is $1.53 and its 200-day moving average is $1.40. Bombardier has a 52 week low of $0.51 and a 52 week high of $1.82.
A hedge fund recently bought a new stake in Bombardier stock. Wilen Investment Management CORP. bought a new position in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 347,900 shares of the company’s stock, valued at approximately $487,000.
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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