Bombardier (OTCMKTS:BDRBF) Hits New 12-Month High - Time to Buy?

Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $179.3885 and last traded at $179.29, with a volume of 6025 shares traded. The stock had previously closed at $175.89.Wall Street Analyst Weigh InHow to Invest in Airline StocksBDRBF has been the topic of several analyst reports. The Goldman Sachs Group downgraded shares of Bombardier to a "neutral" rating in a research report on Tuesday, October 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Bombardier in a research report on Wednesday, October 15th. National Bankshares reissued an "outperform" rating and set a $263.00 price objective on shares of Bombardier in a report on Tuesday, December 2nd. Finally, Zacks Research raised shares of Bombardier to a "hold" rating in a report on Tuesday, December 16th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $263.00.View Our Latest Stock Report on BDRBFBombardier Price PerformanceThe business has a 50-day simple moving average of $157.72 and a 200 day simple moving average of $133.28. Bombardier Company Profile (Get Free Report)Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide. The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.Further ReadingFive stocks we like better than BombardierElon Taking SpaceX Public! $100 Pre-IPO Opportunity!Do not delete, read immediatelyThe $100 Trillion AI Story No One Is Telling YouThis stock gets a 94 out of 100The Crash Has Already Started (Most Just Don’t See It Yet)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bombardier Right Now?Before you consider Bombardier, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bombardier wasn't on the list.While Bombardier currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here