Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 1-Year High at $69.25

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$69.25 and last traded at C$69.11, with a volume of 891537 shares trading hands. The stock had previously closed at C$62.72.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BBD.B shares. TD Securities upped their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$104.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Desjardins upped their target price on shares of Bombardier, Inc. Class B from C$96.00 to C$101.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Royal Bank of Canada set a C$95.00 target price on shares of Bombardier, Inc. Class B and gave the company an "outperform" rating in a research report on Thursday, April 4th. Scotiabank lowered their price target on Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an "outperform" rating for the company in a research note on Wednesday, April 10th. Finally, National Bankshares lowered their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Bombardier, Inc. Class B presently has a consensus rating of "Moderate Buy" and a consensus target price of C$82.00.

Bombardier, Inc. Class B Trading Up 7.4 %

The company has a market capitalization of C$5.75 billion, a P/E ratio of 10.54, a PEG ratio of -0.13 and a beta of 2.96. The firm's 50 day moving average price is C$55.84 and its two-hundred day moving average price is C$51.94.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total value of C$767,039.00. Company 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.