Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High - Here's What Happened

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

Analyst Ratings Changes

Several brokerages have recently weighed in on BBD.B. TD Securities decreased their target price on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets cut their price target on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada lifted their price objective on Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. National Bankshares increased their target price on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Desjardins lowered their price target on Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Bombardier, Inc. Class B currently has a consensus rating of "Moderate Buy" and an average target price of C$113.67.

Bombardier, Inc. Class B Stock Up 2.6%

The firm has a market capitalization of C$10.26 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 6.26 and a beta of 2.98. The stock's fifty day moving average is C$96.56 and its two-hundred day moving average is C$90.54.

Insider Buying and Selling at Bombardier, Inc. Class B

In other news, Senior Officer Paul Sislian sold 9,300 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total value of C$979,066.80. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Insiders sold 124,838 shares of company stock worth $12,420,520 in the last three months. 1.66% of the stock is owned by insiders.

About Bombardier, Inc. Class B

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