Brokerages Set Bombardier Inc. (OTCMKTS:BDRBF) Target Price at $263.00

Bombardier Inc. (OTCMKTS:BDRBF) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $263.00.

Several brokerages have recently issued reports on BDRBF. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research report on Wednesday, October 15th. Zacks Research upgraded Bombardier to a “hold” rating in a research report on Tuesday, December 16th. National Bankshares reissued an “outperform” rating and issued a $263.00 price target on shares of Bombardier in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group cut shares of Bombardier to a “neutral” rating in a research note on Tuesday, October 7th.

Bombardier Trading Up 0.8%

Shares of OTCMKTS:BDRBF opened at $170.03 on Monday. The company’s 50-day moving average price is $156.36 and its 200 day moving average price is $131.57. Bombardier has a fifty-two week low of $45.63 and a fifty-two week high of $178.35.

Bombardier Company Profile

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.