Bombardier, Inc. Class B (TSE:BBD.B) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$94.92 and traded as high as C$98.98. Bombardier, Inc. Class B shares last traded at C$96.71, with a volume of 286,727 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on BBD.B. TD Securities dropped their target price on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank cut shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research note on Friday, November 1st. National Bank Financial increased their target price on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. CIBC dropped their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Finally, National Bankshares increased their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$114.00.

Bombardier, Inc. Class B Trading Up 3.5 %

The stock has a market cap of C$8.66 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The business has a 50-day simple moving average of C$99.93 and a 200 day simple moving average of C$94.99.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 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.