Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$113.99 and last traded at C$113.69, with a volume of 28528 shares traded. The stock had previously closed at C$111.80.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. CIBC lifted their price target on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. 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 lowered their target price 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 report on Friday, May 2nd. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Finally, National Bankshares lifted their price target on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$113.67.
Check Out Our Latest Stock Report on BBD.B
Bombardier, Inc. Class B Stock Performance
The company has a market capitalization of C$9.92 billion, a PE ratio of 29.70, a PEG ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average price of C$95.21 and a 200 day moving average price of C$90.53.
Insider Buying and Selling at Bombardier, Inc. Class B
In other news, Senior Officer Barton Wade Demosky sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$96.00, for a total transaction of C$96,000.00. Also, Senior Officer Caroline Maso acquired 1,404 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of C$88.97 per share, with a total value of C$124,913.88. Insiders have sold 124,838 shares of company stock worth $12,420,520 over the last quarter. 1.66% of the stock is owned by corporate 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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