Bombardier (OTCMKTS:BDRBF) Sets New 52-Week High – What’s Next?

Shares of Bombardier Inc. (OTCMKTS:BDRBF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $200.00 and last traded at $191.98, with a volume of 2218 shares trading hands. The stock had previously closed at $198.00.

Analyst Ratings Changes

BDRBF has been the topic of several analyst reports. CIBC downgraded Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday. National Bankshares reaffirmed an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research note on Tuesday, December 2nd. The Goldman Sachs Group downgraded shares of Bombardier to a “neutral” rating in a research note on Tuesday, October 7th. Zacks Research raised shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Wednesday. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $263.00.

Bombardier Stock Up 0.5%

The firm has a 50 day moving average of $169.40 and a 200-day moving average of $141.80.

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.