Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$90.05 and traded as high as C$90.39. Bombardier, Inc. Class B shares last traded at C$89.66, with a volume of 174,998 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Citigroup cut their target price on shares of Bombardier, Inc. Class B from C$113.00 to C$107.00 in a research note on Monday, February 3rd. TD Securities reduced their price target on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. BMO Capital Markets reduced their price target on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. UBS Group upped their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Finally, Desjardins reduced their price target on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$113.67.
Get Our Latest Analysis on Bombardier, Inc. Class B
Bombardier, Inc. Class B Stock Performance
The stock has a market cap of C$8.22 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The company's 50 day simple moving average is C$85.83 and its two-hundred day simple moving average is C$89.80.
Insider Buying and Selling at Bombardier, Inc. Class B
In other news, Senior Officer Daniel Brennan sold 11,206 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$92.00, for a total transaction of C$1,030,952.00. Also, Senior Officer Jean-Christophe Gallagher sold 7,227 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$91.35, for a total transaction of C$660,186.45. In the last quarter, insiders have sold 25,660 shares of company stock worth $2,351,325. 1.66% of the stock is currently owned by company insiders.
Bombardier, Inc. Class B Company Profile
(
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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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