Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$90.74 and traded as high as C$121.50. Bombardier, Inc. Class B shares last traded at C$118.64, with a volume of 639,594 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Scotiabank upgraded shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$105.00 to C$150.00 in a research report on Wednesday. Desjardins cut their price target on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. CIBC lifted their target price on Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. TD Securities lowered their target price on Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$117.83.
Read Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Stock Up 21.4%
The company has a market cap of C$12.46 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company's fifty day moving average price is C$97.25 and its two-hundred day moving average price is C$90.74.
Insider Buying and Selling
In other news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$95.00, for a total value of C$570,000.00. In the last quarter, insiders have sold 124,838 shares of company stock valued at $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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