Bombardier (OTCMKTS:BDRBF) Earns Buy Rating from CIBC

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Bombardier (OTCMKTS:BDRBF)‘s stock had its “buy” rating restated by analysts at CIBC in a research report issued to clients and investors on Friday, reports. They currently have a $2.00 target price on the stock. CIBC’s price target suggests a potential upside of 56.08% from the stock’s previous close.

Separately, Desjardins upgraded shares of Bombardier from a “hold” rating to a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $2.10.

BDRBF traded up $0.10 during trading on Friday, hitting $1.28. 833,152 shares of the stock traded hands, compared to its average volume of 813,072. Bombardier has a twelve month low of $0.85 and a twelve month high of $2.27. The business has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.33.

About Bombardier

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company operates in four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment designs, manufactures, and markets business jets, as well as provides aftermarket support services.

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Analyst Recommendations for Bombardier (OTCMKTS:BDRBF)

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