Bombardier, Inc. Class B (TSE:BBD.B) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$93.97 and traded as high as C$98.24. Bombardier, Inc. Class B shares last traded at C$94.17, with a volume of 561,925 shares.

Wall Street Analysts Forecast Growth

BBD.B has been the subject of a number of recent analyst reports. National Bank Financial raised their price target on Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. National Bankshares raised their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. Scotiabank cut Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price target for the company. in a report on Friday, November 1st. CIBC increased their price objective on shares of Bombardier, Inc. Class B from C$131.00 to C$132.00 in a report on Wednesday, December 4th. Finally, TD Securities lowered 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Bombardier, Inc. Class B presently has an average rating of “Moderate Buy” and an average price target of C$114.42.

View Our Latest Stock Report on Bombardier, Inc. Class B

Bombardier, Inc. Class B Trading Up 2.6 %

The company has a 50 day simple moving average of C$102.33 and a 200 day simple moving average of C$94.10. The stock has a market cap of C$8.36 billion, a P/E ratio of 25.03, a PEG ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In related news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Company insiders own 1.66% of the company’s stock.

About Bombardier, Inc. Class B

(Get Free Report)

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

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