Bombardier, Inc. Class B (TSE:BBD.B) Stock Passes Above Two Hundred Day Moving Average of $58.92

Bombardier, Inc. Class B (TSE:BBD.B – Get Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$58.92 and traded as high as C$60.04. Bombardier, Inc. Class B shares last traded at C$57.92, with a volume of 508,869 shares traded.

Analyst Upgrades and Downgrades

BBD.B has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. The Goldman Sachs Group raised their target price on shares of Bombardier, Inc. Class B from C$78.00 to C$81.00 in a research report on Tuesday, April 11th. National Bankshares upgraded shares of Bombardier, Inc. Class B from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$79.00 to C$85.00 in a research report on Friday, April 28th. CIBC raised their target price on shares of Bombardier, Inc. Class B from C$65.00 to C$69.00 and gave the company a “neutral” rating in a research report on Friday, March 24th. Finally, TD Securities raised their target price on shares of Bombardier, Inc. Class B from C$83.00 to C$87.00 and gave the company a “buy” rating in a research report on Friday, April 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$76.40.

Bombardier, Inc. Class B Price Performance

The company has a market cap of C$4.81 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of -0.13 and a beta of 2.96. The business’s fifty day moving average price is C$63.49 and its 200 day moving average price is C$58.92.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Daniel Brennan sold 12,570 shares of Bombardier, Inc. Class B stock in a transaction on Friday, March 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$879,900.00. 1.45% of the stock is owned by company insiders.

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.