Bombardier (OTCMKTS:BDRBF) Hits New 1-Year High – Time to Buy?

Bombardier Inc. (OTCMKTS:BDRBF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $168.56 and last traded at $168.56, with a volume of 969 shares changing hands. The stock had previously closed at $165.26.

Analysts Set New Price Targets

BDRBF has been the topic of several research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Wednesday, October 15th. The Goldman Sachs Group lowered shares of Bombardier to a “neutral” rating in a research report on Tuesday, October 7th. Finally, National Bankshares reiterated an “outperform” rating and set a $263.00 price target on shares of Bombardier in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $263.00.

Bombardier Trading Up 2.2%

The company has a fifty day simple moving average of $144.96 and a 200 day simple moving average of $118.05.

Bombardier Company Profile

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.