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$101.83 and traded as high as C$166.56. Bombardier, Inc. Class B shares last traded at C$165.10, with a volume of 570,194 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. Scotiabank upped their target price on shares of Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. National Bankshares upped their target price on shares of Bombardier, Inc. Class B from C$171.00 to C$179.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, TD Securities upped their target price on shares of Bombardier, Inc. Class B from C$173.00 to C$180.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$179.00.
Get Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Stock Down 2.1%
The company's fifty day moving average price is C$136.89 and its 200 day moving average price is C$103.37. The company has a market capitalization of C$14.22 billion, a P/E ratio of 42.59, a PEG ratio of 6.26 and a beta of 2.98.
Insider Transactions at Bombardier, Inc. Class B
In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 22,000 shares of the firm's 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 value of C$2,085,358.00. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm's 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 transaction of C$430,000.00. Over the last three months, insiders have sold 124,838 shares of company stock valued at $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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