Bombardier, Inc. Class B (TSE:BBD.B) Shares Cross Above Two Hundred Day Moving Average - Here's Why

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 stock price crossed 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 traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on BBD.B shares. BMO Capital Markets increased their target price on shares of Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research report on Friday, August 8th. National Bankshares increased their price target 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 report on Friday, August 1st. Desjardins increased their price target on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, TD Securities increased their price target 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 report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$179.00.

Bombardier, Inc. Class B Stock Down 0.0%

The business's 50 day moving average is C$151.06 and its two-hundred day moving average is C$109.59. The firm has a market cap of C$14.22 billion, a P/E ratio of 42.60, a P/E/G ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$99.26, for a total value of C$397,032.40. Also, Director Eric Martel sold 34,678 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$104.91, for a total transaction of C$3,638,204.22. In the last three months, insiders sold 99,178 shares of company stock valued at $10,069,195. 1.66% of the stock is currently owned by corporate insiders.

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.

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