Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) passed 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 traded.
Analysts Set New Price Targets
Several analysts have commented on BBD.B shares. BMO Capital Markets lifted their target price on shares of Bombardier, Inc. Class B from C$130.00 to C$150.00 and gave the stock an "outperform" rating in a research note on Wednesday. UBS Group lifted their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. Scotiabank upgraded shares of Bombardier, Inc. Class B from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$105.00 to C$150.00 in a report on Wednesday. Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$140.00 to C$175.00 and gave the company a "buy" rating in a report on Thursday. Finally, CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$115.00 to C$140.00 and gave the company an "outperform" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of "Moderate Buy" and a consensus price target of C$130.08.
Check Out Our Latest Research Report on BBD.B
Bombardier, Inc. Class B Stock Performance
The firm has a market cap of C$12.95 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company's fifty day moving average is C$100.72 and its two-hundred day moving average is C$91.75.
Insider Buying and Selling at Bombardier, Inc. Class B
In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 9,300 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$105.28, for a total value of C$979,066.80. Also, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$94.79, for a total transaction of C$2,085,358.00. In the last three months, insiders have sold 124,838 shares of company stock worth $12,420,520. Corporate 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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