Bombardier (OTCMKTS:BDRBF) Reaches New 1-Year High – What’s Next?

Bombardier Inc. (OTCMKTS:BDRBF) shares hit a new 52-week high on Thursday . The company traded as high as $168.56 and last traded at $168.56, with a volume of 969 shares changing hands. The stock had previously closed at $165.26.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BDRBF. The Goldman Sachs Group cut shares of Bombardier to a “neutral” rating in a research report on Tuesday, October 7th. National Bankshares reaffirmed an “outperform” rating and set a $263.00 price target on shares of Bombardier in a report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Bombardier currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.

Bombardier Stock Down 2.3%

The stock has a 50 day simple moving average of $146.06 and a two-hundred day simple moving average of $119.08.

About Bombardier

Bombardier Inc engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, service centers, smart services, training, and technical publications.