Bombardier (OTCMKTS:BDRBF) Sets New 52-Week High – Still a Buy?

Shares of Bombardier Inc. (OTCMKTS:BDRBF) hit a new 52-week high on Monday . The company traded as high as $179.3885 and last traded at $179.29, with a volume of 6025 shares trading hands. The stock had previously closed at $175.89.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BDRBF shares. Zacks Research upgraded shares of Bombardier to a “hold” rating in a research 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 note on Tuesday, December 2nd. The Goldman Sachs Group cut Bombardier to a “neutral” rating in a report on Tuesday, October 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.00.

Bombardier Stock Down 0.7%

The firm has a 50 day moving average price of $159.67 and a 200-day moving average price of $134.91.

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.