Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High on Analyst Upgrade

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday after National Bank Financial raised their price target on the stock to C$128.00. National Bank Financial currently has an outperform rating on the stock. Bombardier, Inc. Class B traded as high as C$109.10 and last traded at C$109.10, with a volume of 28728 shares traded. The stock had previously closed at C$108.36.

BBD.B has been the topic of a number of other research reports. Barclays increased their price objective on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday, July 30th. National Bankshares increased their price target on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an "outperform" rating in a report on Thursday, July 11th. Citigroup lifted their price objective on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the stock a "buy" rating in a report on Tuesday, July 2nd. Scotiabank increased their target price on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a report on Thursday, July 18th. Finally, CIBC boosted their price target on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$111.50.

Insider Buying and Selling at Bombardier, Inc. Class B

In related news, Senior Officer Eve Laurier sold 4,000 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total value of C$366,280.00. In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total value of C$534,000.00. Company insiders own 1.66% of the company's stock.

Bombardier, Inc. Class B Trading Up 1.9 %

The stock has a 50-day simple moving average of C$92.36 and a two-hundred day simple moving average of C$82.36. The firm has a market capitalization of C$9.56 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

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.