Bombardier (OTCMKTS:BDRBF) Trading Down 5.8% – Here’s Why

Bombardier Inc. (OTCMKTS:BDRBF)’s share price was down 5.8% during mid-day trading on Monday . The stock traded as low as $182.86 and last traded at $182.86. Approximately 1,326 shares changed hands during trading, a decline of 92% from the average daily volume of 17,419 shares. The stock had previously closed at $194.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BDRBF shares. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Wednesday. Scotiabank cut shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. CIBC downgraded shares of Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. Zacks Research upgraded shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group downgraded Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $263.00.

Bombardier Price Performance

The stock has a fifty day moving average price of $170.20 and a 200 day moving average price of $142.77.

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.