Bombardier, Inc. Class B (TSE:BBD.B) Share Price Passes Above 200-Day Moving Average - Here's Why

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on BBD.B. National Bank Financial increased their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. 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. CIBC increased their target price on Bombardier, Inc. Class B from C$131.00 to C$132.00 in a research report on Wednesday, December 4th. Finally, Scotiabank cut Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 target price on the stock. in a research note on Friday, November 1st. Two research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$114.42.

Bombardier, Inc. Class B Price Performance

The stock has a market cap of C$8.15 billion, a P/E ratio of 24.40, a PEG ratio of 6.26 and a beta of 2.98. The company has a fifty day moving average of C$102.33 and a 200 day moving average of C$94.10.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B 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 shares were sold at an average price of C$101.17, for a total value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of the 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.

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.