Bombardier (OTCMKTS:BDRBF) Stock Price Crosses Above Fifty Day Moving Average of $22.07

Bombardier Inc. (OTCMKTS:BDRBFGet Rating)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.07 and traded as high as $24.20. Bombardier shares last traded at $23.58, with a volume of 10,275 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on BDRBF shares. Royal Bank of Canada upped their price objective on Bombardier from C$2.25 to C$56.00 in a research note on Tuesday, June 14th. CIBC dropped their price objective on Bombardier from C$45.00 to C$36.00 in a research note on Wednesday, June 15th. National Bank Financial lowered their target price on Bombardier from C$65.00 to C$46.00 in a research note on Wednesday, July 20th. Scotiabank increased their target price on Bombardier from C$2.35 to C$55.00 in a research note on Tuesday, June 14th. Finally, BMO Capital Markets lowered their target price on Bombardier from C$71.25 to C$63.00 in a research note on Monday, June 27th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.83.

Bombardier Stock Performance

The stock has a 50 day simple moving average of $22.23 and a 200 day simple moving average of $23.07.

Hedge Funds Weigh In On Bombardier

A hedge fund recently bought a new stake in Bombardier stock. HWG Holdings LP bought a new stake in Bombardier Inc. (OTCMKTS:BDRBFGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 64,983 shares of the company’s stock, valued at approximately $86,000.

Bombardier Company Profile

(Get Rating)

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.

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