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

Key Points

• Bombardier, Inc. Class B's stock price has surpassed its 200-day moving average of C$98.87, reaching a recent high of C$162.58.
• Analysts have notably raised their price targets for the stock, with Citigroup increasing theirs from C$109.00 to C$195.00, indicating a strong potential for future growth.
• Insider trading activity shows significant sales, with insiders selling over C$12.4 million worth of shares in the last quarter, raising questions about their confidence in the stock's future.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$98.87 and traded as high as C$162.58. Bombardier, Inc. Class B shares last traded at C$161.78, with a volume of 187,777 shares traded.

Analyst Upgrades and Downgrades

BBD.B has been the topic of several research reports. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$150.00 to C$185.00 in a research report on Monday, July 21st. TD Securities downgraded Bombardier, Inc. Class B from a "buy" rating to a "hold" rating and upped their price objective for the company from C$151.00 to C$173.00 in a report on Tuesday, July 22nd. Citigroup increased 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. JPMorgan Chase & Co. boosted their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$135.00 in a report on Wednesday, July 16th. Finally, National Bankshares increased their target price on Bombardier, Inc. Class B from C$115.00 to C$171.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Bombardier, Inc. Class B has a consensus rating of "Moderate Buy" and a consensus target price of C$153.82.

Bombardier, Inc. Class B Trading Up 0.4%

The stock's 50-day simple moving average is C$128.17 and its 200-day simple moving average is C$100.23. The stock has a market cap of C$14.03 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Paul Sislian sold 9,300 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$105.28, for a total transaction of C$979,066.80. Also, Senior Officer Barton Wade Demosky sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total transaction of C$430,000.00. Insiders have sold a total of 124,838 shares of company stock valued at $12,420,520 over the last three months. 1.66% of the stock is owned by 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.