Bombardier (OTCMKTS:BDRBF) Share Price Crosses Below 50 Day Moving Average of $21.82

Bombardier Inc. (OTCMKTS:BDRBF – Get Rating) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.82 and traded as low as $14.57. Bombardier shares last traded at $15.00, with a volume of 19,970 shares changing hands.

A number of analysts have recently issued reports on BDRBF shares. UBS Group upgraded Bombardier from a “neutral” rating to a “buy” rating in a report on Wednesday, May 18th. Vertical Research upgraded Bombardier from a “hold” rating to a “buy” rating in a report on Friday, May 6th. BMO Capital Markets reduced their target price on Bombardier from C$71.25 to C$63.00 in a report on Monday, June 27th. Royal Bank of Canada upped their price target on shares of Bombardier from C$2.25 to C$56.00 in a research note on Tuesday, June 14th. Finally, TD Securities dropped their price target on shares of Bombardier from C$69.00 to C$62.00 in a research note on Wednesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Bombardier currently has an average rating of “Moderate Buy” and an average target price of $57.33.

The company’s 50 day moving average is $21.59 and its two-hundred day moving average is $27.57.

A hedge fund recently bought a new stake in Bombardier stock. HWG Holdings LP bought a new stake in Bombardier Inc. (OTCMKTS:BDRBF – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 64,983 shares of the company’s stock, valued at approximately $86,000.

About Bombardier (OTCMKTS:BDRBF)

Bombardier Inc engages in the manufacture and sale of business aircraft in Europe, North America, the Asia Pacific, and internationally. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, smart services, service centers, training, and technical publications.

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