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, AnalystRatings.com 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.
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.
Receive News & Ratings for Bombardier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier and related companies with MarketBeat.com's FREE daily email newsletter.