Bombardier, Inc. Class B (TSE:BBD.B) Shares Cross Above Two Hundred Day Moving Average of $60.76

Bombardier, Inc. Class B (TSE:BBD.B) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$60.76 and traded as high as C$88.00. Bombardier, Inc. Class B shares last traded at C$86.84, with a volume of 126,140 shares trading hands.

Analyst Upgrades and Downgrades

BBD.B has been the topic of a number of analyst reports. National Bankshares reduced their price objective on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada boosted their price target on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. BMO Capital Markets upped their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Desjardins lifted their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$143.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, CIBC boosted their target price on shares of Bombardier, Inc. Class B from C$91.00 to C$102.00 and gave the company an “outperform” rating in a report on Monday, May 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$99.70.

Bombardier, Inc. Class B Stock Performance

The company’s 50-day simple moving average is C$75.98 and its 200 day simple moving average is C$60.76. The company has a market cap of C$7.41 billion, a PE ratio of 23.22, a PEG ratio of -0.13 and a beta of 2.99.

Insider Buying and Selling

In other news, Senior Officer Daniel Brennan sold 48,010 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of C$89.02, for a total value of C$4,273,941.42. 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.