Bombardier’s (BDRBF) Hold Rating Reaffirmed at TD Securities
Bombardier Inc (OTCMKTS:BDRBF)‘s stock had its “hold” rating restated by TD Securities in a report released on Tuesday. They currently have a $1.45 price target on the stock. TD Securities’ price target points to a potential upside of 9.85% from the stock’s current price.
BDRBF has been the subject of a number of other research reports. Scotiabank reiterated an “outperform” rating and issued a $2.75 target price on shares of Bombardier in a research report on Friday, September 23rd. Macquarie upgraded shares of Bombardier from an “underperform” rating to an “outperform” rating in a research report on Monday, September 19th. RBC Capital Markets reiterated an “outperform” rating and issued a $2.50 target price on shares of Bombardier in a research report on Friday, September 16th. Citigroup Inc. reiterated a “neutral” rating and issued a $2.07 target price (up previously from $2.00) on shares of Bombardier in a research report on Thursday, August 25th. Finally, Raymond James Financial Inc. reiterated a “market perform” rating and issued a $2.00 target price (up previously from $1.30) on shares of Bombardier in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $1.85.
Shares of Bombardier (OTCMKTS:BDRBF) traded up 0.76% during trading on Tuesday, reaching $1.33. 6,815 shares of the company’s stock were exchanged. Bombardier has a 52 week low of $0.51 and a 52 week high of $1.82. The firm’s market capitalization is $2.95 billion. The company’s 50-day moving average price is $1.39 and its 200 day moving average price is $1.45.
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An institutional investor recently bought a new position in Bombardier stock. Wilen Investment Management CORP. acquired a new stake in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 347,900 shares of the company’s stock, valued at approximately $487,000.
Bombardier Inc is a manufacturer of transportation equipment, such as business and commercial aircraft, aircraft structural components and rail transportation equipment and systems, and is a provider of related services. The Company operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation.
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