Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) traded down 5.8% on Monday . The company traded as low as $182.86 and last traded at $182.86. 1,326 shares changed hands during trading, a decline of 92% from the average session volume of 17,419 shares. The stock had previously closed at $194.18.
Analyst Ratings Changes
A number of analysts have weighed in on the company. The Goldman Sachs Group downgraded Bombardier from a “neutral” rating to a “sell” rating in a report on Monday. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Wednesday. Zacks Research upgraded Bombardier to a “hold” rating in a report on Tuesday, December 16th. National Bankshares reaffirmed an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research report on Tuesday, December 2nd. Finally, CIBC lowered shares of Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bombardier presently has an average rating of “Hold” and a consensus target price of $263.00.
Read Our Latest Research Report on Bombardier
Bombardier Stock Performance
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.
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