Bombardier (OTCMKTS:BDRBF)‘s stock had its “hold” rating reiterated by Cowen in a report released on Monday, AnalystRatings.com reports. They presently have a $0.20 price target on the stock. Cowen’s price target indicates a potential downside of 36.91% from the company’s previous close.
Several other equities research analysts have also recently weighed in on BDRBF. BMO Capital Markets cut Bombardier from an “outperform” rating to a “market perform” rating and set a $0.60 target price for the company. in a report on Friday, March 20th. CIBC dropped their target price on Bombardier from $0.70 to $0.50 and set a “neutral” rating for the company in a report on Monday, May 11th. UBS Group cut Bombardier from a “buy” rating to a “neutral” rating and set a $0.50 price objective for the company. in a report on Friday, April 17th. Barclays cut Bombardier to a “hold” rating and set a $0.50 price objective for the company. in a report on Thursday, April 16th. Finally, Royal Bank of Canada cut Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 29th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $0.69.
Shares of BDRBF stock opened at $0.32 on Monday. Bombardier has a 1-year low of $0.27 and a 1-year high of $1.79. The business has a 50-day moving average of $0.35 and a 200 day moving average of $0.71.
Bombardier Company Profile
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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