Bombardier, Inc. Class B (TSE:BBD.B) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Bombardier, Inc. Class B's share price has recently crossed above its 200-day moving average at C$122.46, reaching a high of C$196.21 during trading.
• Multiple brokerages have increased their target prices for the stock, with Citigroup setting a new target of C$195.00 and Royal Bank of Canada at C$202.00, reflecting a consensus rating of "Moderate Buy."
• The company's market capitalization is currently C$19.35 billion, with a price-to-earnings ratio of 44.86 and a volatility measure (beta) of 2.07.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$122.46 and traded as high as C$196.21. Bombardier, Inc. Class B shares last traded at C$195.12, with a volume of 515,840 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on BBD.B. JPMorgan Chase & Co. raised their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a report on Friday, August 8th. Citigroup raised their target price on shares of Bombardier, Inc. Class B from C$109.00 to C$195.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Scotiabank raised 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 report on Friday, August 1st. Royal Bank Of Canada raised 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 report on Friday, August 1st. Finally, UBS Group raised their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$179.45.

Bombardier, Inc. Class B Trading Up 2.3%

The company has a market capitalization of C$19.35 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07. The stock's fifty day simple moving average is C$165.94 and its 200-day simple moving average is C$122.46.

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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