Bombardier, Inc. Class B (TSE:BBD.B) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Bombardier, Inc. Class B shares crossed above their two hundred day moving average, reaching C$164.43 during trading, while the average was C$109.59.
• Analysts have increased their price targets for Bombardier, with BMO Capital Markets raising it from C$150.00 to C$185.00, and several others following suit.
• Insiders at Bombardier sold 99,178 shares of company stock valued at over C$10 million in the past three months, indicating a notable movement among corporate officers.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$109.59 and traded as high as C$165.35. Bombardier, Inc. Class B shares last traded at C$164.43, with a volume of 290,946 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group raised their target price on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research note on Friday, August 1st. National Bankshares raised their target price on 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. Desjardins raised their target price on Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. TD Securities raised their target price on 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. Finally, CIBC raised their target price on Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research note on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$179.00.

Bombardier, Inc. Class B Price Performance

The stock has a market capitalization of C$15.93 billion, a PE ratio of 36.91, a P/E/G ratio of 6.26 and a beta of 1.86. The business's fifty day moving average price is C$155.45 and its 200-day moving average price is C$111.87.

Insider Activity

In other news, Senior Officer Barton Wade Demosky sold 4,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total value of C$430,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$99.26, for a total transaction of C$397,032.40. In the last three months, insiders sold 71,178 shares of company stock valued at $7,413,837. Corporate insiders own 1.66% of the company's stock.

About Bombardier, Inc. Class B

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.