Bombardier (OTCMKTS:BDRBF) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Bombardier Inc. (OTCMKTS:BDRBF) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $127.36 and traded as high as $137.69. Bombardier shares last traded at $137.68, with a volume of 19,701 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have commented on BDRBF shares. The Goldman Sachs Group downgraded shares of Bombardier to a “neutral” rating in a research report on Tuesday, October 7th. Barclays restated an “underweight” rating on shares of Bombardier in a research report on Monday, August 4th. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Wednesday, October 15th. Finally, Scotiabank upgraded shares of Bombardier from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Bombardier Stock Performance

The stock’s 50 day moving average price is $127.36 and its two-hundred day moving average price is $99.03.

About Bombardier

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.