Bombardier, Inc. Class B (TSE:BBD.B) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Bombardier, Inc. Class B (TSE:BBD.B)’s share price crossed 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.

Wall Street Analysts Forecast Growth

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

Bombardier, Inc. Class B Stock Down 1.1 %

The company’s fifty day moving average price is C$100.13 and its 200 day moving average price is C$94.92. The company has a market capitalization of C$8.37 billion, a P/E ratio of 25.05, a PEG ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the stock in a transaction dated 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 Bombardier, Inc. Class B stock in a transaction that occurred 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 currently owned by insiders.

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.