Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 1-Year High Following Analyst Upgrade

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) shares hit a new 52-week high during trading on Monday after Citigroup raised their price target on the stock from C$109.00 to C$195.00. Citigroup currently has a buy rating on the stock. Bombardier, Inc. Class B 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.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a research note on Wednesday, July 16th. CIBC increased their target price on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday. Scotiabank raised shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$105.00 to C$150.00 in a research note on Wednesday, July 2nd. Royal Bank Of Canada increased their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, TD Securities increased their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$151.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$148.50.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$107.50, for a total transaction of C$430,000.00. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total value of C$2,085,358.00. Insiders have sold 124,838 shares of company stock valued at $12,420,520 in the last quarter. Corporate insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Trading Down 0.6%

The firm's 50 day moving average is C$119.74 and its two-hundred day moving average is C$97.50. The stock has a market cap of C$13.90 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 6.26 and a beta of 2.98.

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.