Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High - What's Next?

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$169.68 and last traded at C$169.24, with a volume of 56422 shares changing hands. The stock had previously closed at C$165.55.

Analyst Upgrades and Downgrades

BBD.B has been the topic of a number of research reports. UBS Group boosted their price objective on Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. TD Securities boosted their price objective on Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. BMO Capital Markets boosted their price objective on Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. CIBC lifted their target price on 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. Finally, National Bankshares lifted their target price on 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$133.00.

Bombardier, Inc. Class B Stock Up 0.8%

The stock has a 50-day simple moving average of C$115.42 and a two-hundred day simple moving average of C$96.16. The firm has a market cap of C$14.44 billion, a PE ratio of 43.24, a P/E/G ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Director Eric Martel sold 34,678 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total value of C$430,000.00. Insiders sold 124,838 shares of company stock valued at $12,420,520 over the last ninety days. Corporate insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Company Profile

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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