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 company traded as high as C$154.71 and last traded at C$154.52, with a volume of 232761 shares. The stock had previously closed at C$149.75.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on BBD.B. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada increased 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 research note on Friday, May 2nd. Desjardins raised their target price on Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. CIBC boosted their price objective on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and an average price target of C$130.08.
Check Out Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Stock Up 1.6%
The company has a market capitalization of C$13.46 billion, a PE ratio of 40.30, a PEG ratio of 6.26 and a beta of 2.98. The company has a 50-day moving average price of C$103.18 and a two-hundred day moving average price of C$92.57.
Insider Buying and Selling at Bombardier, Inc. Class B
In related news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Paul Sislian sold 9,300 shares of the firm's 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. In the last ninety days, insiders have sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is owned by company insiders.
About Bombardier, Inc. Class B
(
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Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
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