Desjardins Boosts Bombardier (OTCMKTS:BDRBF) Price Target to C$2.25

Bombardier (OTCMKTS:BDRBF) had its price target boosted by investment analysts at Desjardins from C$1.75 to C$2.25 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has a “hold” rating on the stock.

A number of other analysts have also recently commented on the company. ATB Capital restated a “buy” rating and issued a C$2.50 price target on shares of Bombardier in a research report on Tuesday, October 5th. Scotiabank upped their price target on Bombardier from C$0.80 to C$1.50 and gave the stock a “sector perform” rating in a research report on Friday, August 6th. CIBC upped their price target on Bombardier from C$0.80 to C$1.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 14th. The Goldman Sachs Group upgraded Bombardier from a “neutral” rating to a “buy” rating and set a $2.35 price target for the company in a research report on Thursday, September 23rd. Finally, National Bank Financial upped their price target on Bombardier from C$1.90 to C$2.50 and gave the stock an “outperform” rating in a research report on Thursday, October 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $2.10.

Bombardier stock traded up $0.02 during mid-day trading on Thursday, reaching $1.66. 1,462,611 shares of the stock traded hands, compared to its average volume of 2,641,047. Bombardier has a 12-month low of $0.20 and a 12-month high of $1.84. The business’s 50-day moving average is $1.48 and its 200-day moving average is $1.10.

A hedge fund recently bought a new stake in Bombardier stock. FNY Investment Advisers LLC purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 115,500 shares of the company’s stock, valued at approximately $197,000.

About Bombardier

Bombardier, Inc manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories.

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