Bombardier (OTCMKTS:BDRBF) Reaches New 12-Month High – What’s Next?

Shares of Bombardier Inc. (OTCMKTS:BDRBF) hit a new 52-week high on Tuesday . The company traded as high as $181.99 and last traded at $180.00, with a volume of 663 shares trading hands. The stock had previously closed at $180.15.

Wall Street Analysts Forecast Growth

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

Bombardier Stock Performance

The business’s 50 day moving average price is $161.84 and its 200 day moving average price is $137.22.

About Bombardier

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.