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

Key Points

• Bombardier, Inc. Class B shares crossed above their 200-day moving average, indicating a potential upward trend, with current trading at C$153.76.
• Analysts have increased their price targets for Bombardier; Desjardins raised theirs to C$186.00, while Citigroup set a target of C$195.00, reflecting strong Buy ratings.
• Insider transactions included sales by senior officers, with Barton Wade Demosky selling 4,000 shares and Eric Martel selling 34,678 shares, indicating potential shifts in insider confidence.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$115.02 and traded as high as C$154.72. Bombardier, Inc. Class B shares last traded at C$153.76, with a volume of 362,604 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently commented on the company. CIBC boosted their price target on Bombardier, Inc. Class B from C$167.00 to C$181.00 in a research report on Monday, July 21st. Desjardins boosted their price target on 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. UBS Group boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st. National Bankshares boosted their price target on 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. Finally, Scotiabank boosted their price target on Bombardier, Inc. Class B from C$150.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$179.45.

Bombardier, Inc. Class B Trading Up 6.8%

The company has a 50-day moving average of C$162.10 and a 200-day moving average of C$117.34. The company has a market capitalization of C$16.89 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 4,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of C$107.50, for a total transaction of C$430,000.00. Insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Company Profile

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