Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$169.87 and last traded at C$169.77, with a volume of 193921 shares traded. The stock had previously closed at C$166.01.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. TD Securities boosted their target price on shares of Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Citigroup raised their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the company a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research report on Friday. Royal Bank Of Canada lifted their target price on Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets lifted their price objective on shares of Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday, July 21st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$179.00.
View Our Latest Stock Analysis on Bombardier, Inc. Class B
Bombardier, Inc. Class B Price Performance
The stock has a fifty day simple moving average of C$138.33 and a two-hundred day simple moving average of C$103.98. The firm has a market capitalization of C$14.70 billion, a P/E ratio of 44.01, a P/E/G ratio of 6.26 and a beta of 2.98.
Insiders Place Their Bets
In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 11,206 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total transaction of C$1,030,952.00. Also, Senior Officer Paul Sislian sold 9,300 shares of the business'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 quarter, insiders have sold 110,384 shares of company stock valued at $11,100,147. 1.66% of the stock is currently owned by corporate insiders.
Bombardier, Inc. Class B Company Profile
(
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.
Further Reading
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