Bombardier, Inc. Class B (TSE:BBD.B) Share Price Crosses Above Two Hundred Day Moving Average of $47.85

Shares of Bombardier, Inc. Class B (TSE:BBD.B – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$47.85 and traded as high as C$62.50. Bombardier, Inc. Class B shares last traded at C$59.21, with a volume of 775,319 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BBD.B shares. Scotiabank increased their price objective on Bombardier, Inc. Class B from C$75.00 to C$80.00 in a report on Friday, February 10th. JPMorgan Chase & Co. raised their target price on Bombardier, Inc. Class B from C$55.00 to C$70.00 in a report on Friday, February 10th. National Bankshares lowered Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$67.00 to C$72.00 in a report on Friday, February 10th. TD Securities raised their target price on Bombardier, Inc. Class B from C$79.00 to C$83.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Finally, Citigroup dropped their target price on Bombardier, Inc. Class B from C$73.50 to C$71.00 in a report on Thursday, February 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$69.40.

Bombardier, Inc. Class B Stock Down 6.0 %

The firm has a market cap of C$4.87 billion, a PE ratio of -25.63, a P/E/G ratio of -0.13 and a beta of 3.03. The firm has a 50-day moving average price of C$62.91 and a two-hundred day moving average price of C$47.85.

About Bombardier, Inc. Class B

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Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.