Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Still a Buy?

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $157.74, but opened at $164.64. Bombardier shares last traded at $165.82, with a volume of 532 shares.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BDRBF. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Wednesday, October 15th. The Goldman Sachs Group lowered Bombardier to a “neutral” rating in a report on Tuesday, October 7th. Finally, National Bankshares reiterated an “outperform” rating and issued a $263.00 price target on shares of Bombardier in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $263.00.

Bombardier Price Performance

The stock has a 50-day moving average of $145.53 and a 200-day moving average of $118.40.

About Bombardier

Bombardier Inc engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aftermarket services, including parts, service centers, smart services, training, and technical publications.