Bombardier, Inc. Class B (TSE:BBD.B) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$86.30 and traded as high as C$105.25. Bombardier, Inc. Class B shares last traded at C$102.42, with a volume of 234,577 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on BBD.B. Barclays increased their price objective on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a research report on Friday. National Bank Financial boosted their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, CIBC lifted their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Bombardier, Inc. Class B has a consensus rating of “Moderate Buy” and a consensus price target of C$111.50.

Bombardier, Inc. Class B Trading Up 1.2 %

The business’s fifty day moving average price is C$98.09 and its two-hundred day moving average price is C$86.95. The firm has a market cap of C$8.97 billion, a P/E ratio of 26.86, a P/E/G ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In related news, Senior Officer Eve Laurier sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total value of C$366,280.00. In related news, Senior Officer Eve Laurier sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of Bombardier, Inc. Class B stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. 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.