Bombardier’s (BDRBF) Hold Rating Reaffirmed at Cowen
Bombardier (OTCMKTS:BDRBF)‘s stock had its “hold” rating reissued by investment analysts at Cowen in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They currently have a $0.20 price target on the stock. Cowen’s price target suggests a potential downside of 36.91% from the company’s previous close.
Several other brokerages have also recently weighed in on BDRBF. CIBC reduced their price objective on Bombardier from $0.70 to $0.50 and set a “neutral” rating on the stock in a research note on Monday, May 11th. BMO Capital Markets cut Bombardier from an “outperform” rating to a “market perform” rating and set a $0.60 price objective on the stock. in a research note on Friday, March 20th. Desjardins cut Bombardier from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. National Bank Financial cut Bombardier to a “hold” rating and set a $0.80 price objective on the stock. in a research note on Wednesday, March 18th. Finally, Barclays cut Bombardier to a “hold” rating and set a $0.50 price objective on the stock. in a research note on Thursday, April 16th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $0.69.
Shares of OTCMKTS BDRBF opened at $0.32 on Monday. The business’s 50 day moving average is $0.35 and its two-hundred day moving average is $0.71. Bombardier has a 1-year low of $0.27 and a 1-year high of $1.79.
Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in two segments, Aviation and Transportation. The Aviation segment designs, manufactures, and markets business jets; designs and manufactures a portfolio of commercial aircraft in the 50- to 100-seat categories, including the CRJ550, CRJ700, CRJ900, and CRJ1000 regional jets; designs, develops, and manufactures aircraft structural components, such as engine nacelles, fuselages, and wings; and provides aftermarket component repair, overhaul, and other engineering services.
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