Insider Selling: Bombardier, Inc. Class B (TSE:BBD.B) Senior Officer Sells C$521,650.00 in Stock

Bombardier, Inc. Class B (TSE:BBD.B) Senior Officer Barton Wade Demosky sold 5,000 shares of the firm’s 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.

Bombardier, Inc. Class B Stock Performance

Shares of BBD.B stock opened at C$103.18 on Friday. The stock has a market capitalization of C$8.93 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 6.26 and a beta of 2.98. Bombardier, Inc. Class B has a one year low of C$44.29 and a one year high of C$113.60. The company’s 50-day simple moving average is C$102.64 and its 200-day simple moving average is C$93.42.

Wall Street Analyst Weigh In

Several research firms recently commented on BBD.B. National Bankshares boosted their price target on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. CIBC upped their target price on shares of Bombardier, Inc. Class B from C$131.00 to C$132.00 in a research note on Wednesday, December 4th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target on the stock. in a research note on Friday, November 1st. TD Securities decreased their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Finally, National Bank Financial raised their target price on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$114.42.

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.