Goldman Sachs Group lowered shares of Bombardier (OTCMKTS:BDRBF) from a buy rating to a neutral rating in a report published on Friday morning, BenzingaRatingsTable reports. Goldman Sachs Group currently has $2.00 target price on the stock, down from their prior target price of $3.75.
Other equities research analysts also recently issued reports about the company. Desjardins downgraded Bombardier to a buy rating in a report on Friday, August 2nd. Scotiabank downgraded Bombardier from an outperform rating to a sector perform rating in a report on Thursday, April 25th. Raymond James reaffirmed a mkt perform rating on shares of Bombardier in a report on Friday, April 26th. Finally, Vertical Research downgraded Bombardier from a buy rating to a hold rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $2.00.
Shares of OTCMKTS BDRBF traded up $0.06 during mid-day trading on Friday, hitting $1.26. 511,500 shares of the company were exchanged, compared to its average volume of 209,326. The business’s 50 day moving average is $1.57. Bombardier has a 1-year low of $1.16 and a 1-year high of $3.69.
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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