Bombardier (OTCMKTS:BDRBF) Hits New 12-Month High – Time to Buy?

Bombardier Inc. (OTCMKTS:BDRBF) shares reached a new 52-week high on Monday . The stock traded as high as $179.3885 and last traded at $179.29, with a volume of 6025 shares traded. The stock had previously closed at $175.89.

Wall Street Analyst Weigh In

BDRBF has been the topic of several analyst reports. The Goldman Sachs Group downgraded shares of Bombardier to a “neutral” rating in a research report on Tuesday, October 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research report on Wednesday, October 15th. National Bankshares reissued an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a report on Tuesday, December 2nd. Finally, Zacks Research raised shares of Bombardier to a “hold” rating in a report on Tuesday, December 16th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $263.00.

Bombardier Price Performance

The business has a 50-day simple moving average of $157.72 and a 200 day simple moving average of $133.28.

Bombardier Company Profile

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.