Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 12-Month High - What's Next?

Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$113.60 and last traded at C$111.36, with a volume of 804783 shares traded. The stock had previously closed at C$110.10.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BBD.B shares. Royal Bank of Canada increased their target price on Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 2nd. Scotiabank lifted their price objective on Bombardier, Inc. Class B from C$100.00 to C$120.00 in a research note on Thursday, July 18th. National Bank Financial lifted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. CIBC lifted their price objective on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Finally, National Bankshares lifted their price objective on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the company an "outperform" rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$111.50.

Bombardier, Inc. Class B Stock Performance

The firm has a market capitalization of C$9.52 billion, a PE ratio of 28.85, a P/E/G ratio of 6.26 and a beta of 2.98. The firm has a fifty day moving average of C$93.46 and a 200 day moving average of C$83.63.

Insiders Place Their Bets

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

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.