Bombardier shares set for reverse split on Monday, June 13 (OTCMKTS: BDRBF)


Shares of Bombardier Inc. (OTCMKTS: BDRBF – Get Rating) are expected to consolidate before the market opens on Monday, June 13. The reverse 1-25 split was announced on Monday, June 13. The number of shares held by shareholders will be adjusted after the closing bell on Monday June 13.

Shares of OTCMKTS:BDRBF traded down $0.01 on Friday, hitting $0.87. 667,608 shares of the company were traded, against an average volume of 624,154. Bombardier has a 12-month low of $0.81 and a 12-month high of $1.88. The company has a fifty-day moving average of $0.99 and a 200-day moving average of $1.17.

A number of equity research analysts have recently released reports on the company. National Bank Financial raised its price target on Bombardier from C$2.50 to C$2.65 in a Friday, February 11 research report. Desjardins raised its price target on Bombardier from C$2.75 to C$3.25 in a Monday, February 14 research note. Vertical Research upgraded Bombardier shares from a “hold” rating to a “buy” rating in a Friday, May 6 research note. BMO Capital Markets raised its price target on Bombardier shares from C$2.75 to C$2.85 in a Friday, February 11 research report. Finally, UBS Group upgraded Bombardier shares from a “neutral” rating to a “buy” rating in a Wednesday, May 18 research report. Two equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $2.41.

A hedge fund recently bought a new stake in Bombardier shares. Ancora Advisors LLC bought a new position in shares of Bombardier Inc. (OTCMKTS: BDRBF – Get Rating) during Q3, according to its latest filing with the Securities and Exchange Commission. The company bought 18,500 shares of the company, valued at around $32,000.

About Bombardier (Get a rating)

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

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