Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as C$162.41 and last traded at C$162.30, with a volume of 119015 shares. The stock had previously closed at C$159.01.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on BBD.B shares. UBS Group raised their price target on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research note on Friday, May 2nd. BMO Capital Markets raised their price target 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, July 2nd. CIBC raised their price target on Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Scotiabank raised Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$105.00 to C$150.00 in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Bombardier, Inc. Class B from C$100.00 to C$135.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and a consensus price target of C$133.00.
Read Our Latest Research Report on Bombardier, Inc. Class B
Bombardier, Inc. Class B Trading Up 0.1%
The stock has a market cap of C$14.17 billion, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock has a fifty day simple moving average of C$112.33 and a 200-day simple moving average of C$95.25.
Insider Transactions at Bombardier, Inc. Class B
In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$99.26, for a total value of C$397,032.40. Also, Senior Officer Paul Sislian sold 9,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Over the last three months, insiders have sold 124,838 shares of company stock worth $12,420,520. Insiders own 1.66% of the company's stock.
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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