Bombardier, Inc. Class B (TSE:BBD.B) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Bombardier, Inc. Class B shares recently crossed above their 200-day moving average of C$128.63, with shares trading at C$200.14.
• Analysts have issued multiple target price increases for Bombardier, with Citigroup's new target at C$195.00 and National Bank's target at C$216.00, bolstering its overall rating to "Moderate Buy."
• The company has a market capitalization of C$19.85 billion, and its stock is noted for a P/E ratio of 46.01, suggesting it may be overvalued in the current market.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$128.63 and traded as high as C$204.50. Bombardier, Inc. Class B shares last traded at C$200.14, with a volume of 231,600 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on BBD.B shares. Citigroup increased their target price on Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. BMO Capital Markets increased their price objective on shares of Bombardier, Inc. Class B from C$185.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. CIBC raised their price objective on shares of Bombardier, Inc. Class B from C$167.00 to C$181.00 in a report on Monday, July 21st. National Bankshares upped their target price on shares of Bombardier, Inc. Class B from C$179.00 to C$216.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada increased their target price on Bombardier, Inc. Class B from C$175.00 to C$202.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$182.82.

Bombardier, Inc. Class B Stock Performance

The firm's 50-day simple moving average is C$170.82 and its 200 day simple moving average is C$128.63. The stock has a market capitalization of C$19.85 billion, a P/E ratio of 46.01, a PEG ratio of 6.26 and a beta of 1.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.