Bombardier (OTCMKTS:BDRBF) Reaches New 12-Month High – Here’s Why

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $200.00 and last traded at $191.98, with a volume of 2218 shares traded. The stock had previously closed at $198.00.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BDRBF. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Wednesday, October 15th. National Bankshares reissued an “outperform” rating and set a $263.00 price target on shares of Bombardier in a research report on Tuesday, December 2nd. Zacks Research upgraded Bombardier to a “hold” rating in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group cut Bombardier to a “neutral” rating in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bombardier currently has a consensus rating of “Moderate Buy” and an average target price of $263.00.

Bombardier Stock Performance

The business’s 50 day moving average price is $166.72 and its 200-day moving average price is $140.49.

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.