Bombardier, Inc. Class B (TSE:BBD.B) Hits New 12-Month High - Here's What Happened

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as C$121.10 and last traded at C$120.72, with a volume of 233191 shares changing hands. The stock had previously closed at C$115.67.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BBD.B shares. Royal Bank Of Canada increased their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$105.00 to C$150.00 in a report on Wednesday. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research note on Wednesday. UBS Group upped their price objective on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Finally, TD Securities raised their price objective on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$130.08.

Bombardier, Inc. Class B Price Performance

The business's fifty day moving average price is C$99.55 and its two-hundred day moving average price is C$91.41. The stock has a market capitalization of C$12.81 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 9,300 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total transaction of C$979,066.80. Also, Senior Officer Eve Laurier sold 4,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$99.26, for a total value of C$397,032.40. Over the last three months, insiders sold 124,838 shares of company stock worth $12,420,520. Company insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.