Bombardier (OTCMKTS:BDRBF) Stock Price Passes Above 50 Day Moving Average of $18.30

Posted by MarketBeat News on Aug 5th, 2022

Shares of Bombardier Inc. (OTCMKTS:BDRBF – Get Rating) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.30 and traded as high as $20.53. Bombardier shares last traded at $20.10, with a volume of 53,830 shares traded.

Wall Street Analysts Forecast Growth

BDRBF has been the topic of several research reports. Vertical Research raised shares of Bombardier from a “hold” rating to a “buy” rating in a research report on Friday, May 6th. TD Securities lowered their price target on shares of Bombardier from C$69.00 to C$62.00 in a research report on Wednesday, June 22nd. Royal Bank of Canada boosted their price target on shares of Bombardier from C$2.25 to C$56.00 in a research report on Tuesday, June 14th. National Bank Financial lowered their price target on shares of Bombardier from C$65.00 to C$46.00 in a research report on Wednesday, July 20th. Finally, BMO Capital Markets lowered their price target on shares of Bombardier from C$71.25 to C$63.00 in a research report on Monday, June 27th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Bombardier currently has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Bombardier Stock Performance

The stock’s fifty day moving average is $18.30 and its two-hundred day moving average is $24.91.

Hedge Funds Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. HWG Holdings LP purchased a new position in Bombardier Inc. (OTCMKTS:BDRBF – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 64,983 shares of the company’s stock, valued at approximately $86,000.

Bombardier Company Profile

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Bombardier Inc engages in the manufacture and sale of business aircraft in Europe, North America, the Asia Pacific, and internationally. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, smart services, service centers, training, and technical publications.