Bombardier, Inc. Class B (TSE:BBD.B) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Bombardier, Inc. Class B stock has recently crossed above its 200-day moving average, with shares trading as high as C$176.41.
• Analyst ratings show strong confidence in Bombardier, with price target increases from multiple banks, including Royal Bank of Canada raising it to C$202.00.
• The company has a market capitalization of C$17.48 billion and a consensus rating of "Moderate Buy" from eight analysts.

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$118.12 and traded as high as C$176.41. Bombardier, Inc. Class B shares last traded at C$176.20, with a volume of 570,890 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Scotiabank increased 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 research report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$170.00 in a research report on Friday, August 8th. 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 research report on Monday, July 21st. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$128.00 to C$173.00 in a research report on Friday, August 1st. Finally, Desjardins upped their price target on shares of Bombardier, Inc. Class B from C$175.00 to C$186.00 and gave the company a "buy" rating in a report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$179.45.

Bombardier, Inc. Class B Stock Up 2.6%

The company has a market cap of C$17.99 billion, a price-to-earnings ratio of 41.70, a price-to-earnings-growth ratio of 6.26 and a beta of 2.07. The company's fifty day moving average price is C$163.57 and its two-hundred day moving average price is C$119.96.

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.