Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$154.71 and last traded at C$154.52, with a volume of 232761 shares trading hands. The stock had previously closed at C$149.75.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on BBD.B shares. BMO Capital Markets lifted their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. UBS Group boosted their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. National Bankshares boosted their price objective on shares of Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Finally, CIBC boosted their price objective on shares of Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$130.08.
Read Our Latest Stock Report on BBD.B
Bombardier, Inc. Class B Price Performance
The company has a fifty day moving average price of C$104.49 and a two-hundred day moving average price of C$93.01. The firm has a market cap of C$13.92 billion, a price-to-earnings ratio of 41.70, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.
Insider Buying and Selling at Bombardier, Inc. Class B
In related news, Director Eric Martel sold 34,678 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$104.91, for a total value of C$3,638,204.22. Also, Senior Officer Paul Sislian sold 9,300 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total transaction of C$979,066.80. Over the last quarter, insiders sold 124,838 shares of company stock worth $12,420,520. 1.66% of the stock is owned by insiders.
About Bombardier, Inc. Class B
(
Get Free Report)
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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