Bombardier (OTCMKTS:BDRBF) Shares Gap Down – Time to Sell?

Bombardier Inc. (OTCMKTS:BDRBF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $167.46, but opened at $157.00. Bombardier shares last traded at $156.20, with a volume of 744 shares.

Wall Street Analysts Forecast Growth

BDRBF has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Wednesday, October 15th. National Bankshares reaffirmed an “outperform” rating and issued a $263.00 price objective on shares of Bombardier in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group downgraded Bombardier to a “neutral” rating in a research note on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $263.00.

Bombardier Price Performance

The company has a fifty day moving average price of $147.03 and a 200-day moving average price of $121.23.

Bombardier Company Profile

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.