Bombardier, Inc. Class B (TSE:BBD.B) Sets New 12-Month High at $74.42

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$74.42 and last traded at C$73.66, with a volume of 62201 shares traded. The stock had previously closed at C$73.56.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. CIBC raised Bombardier, Inc. Class B from a "neutral" rating to an "outperform" rating and raised their price target for the company from C$67.00 to C$91.00 in a research report on Thursday, May 2nd. Royal Bank of Canada upped their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an "outperform" rating in a report on Thursday, May 2nd. Desjardins raised their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. UBS Group upped their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. Finally, TD Securities raised their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, Bombardier, Inc. Class B currently has a consensus rating of "Moderate Buy" and an average target price of C$87.56.

Bombardier, Inc. Class B Price Performance

The company's fifty day simple moving average is C$57.42 and its two-hundred day simple moving average is C$52.64. The company has a market capitalization of C$6.28 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling

In other news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the company's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$59.00, for a total transaction of C$767,039.00. 1.66% of the stock is currently owned by company 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.