Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$85.01 and traded as high as C$108.82. Bombardier, Inc. Class B shares last traded at C$107.11, with a volume of 212,784 shares traded.
Analyst Ratings Changes
A number of research firms have weighed in on BBD.B. Barclays boosted their price objective on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. National Bankshares raised their price objective on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an "outperform" rating in a research report on Thursday, July 11th. CIBC lifted their target price on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Scotiabank raised their price target on shares of Bombardier, Inc. Class B from C$100.00 to C$120.00 in a report on Thursday, July 18th. Finally, Citigroup lifted their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a "buy" rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$111.50.
View Our Latest Stock Report on BBD.B
Bombardier, Inc. Class B Price Performance
The firm has a market capitalization of C$9.21 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 6.26 and a beta of 2.98. The stock has a 50 day moving average price of C$95.71 and a two-hundred day moving average price of C$85.01.
Insider Buying and Selling at Bombardier, Inc. Class B
In related news, Senior Officer Eve Laurier sold 4,000 shares of the company'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 transaction of C$366,280.00. In other Bombardier, Inc. Class B news, Senior Officer Eve Laurier sold 4,000 shares of the company's stock in a transaction dated 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 dated Thursday, August 15th. The shares were sold at an average price of C$89.00, for a total value of C$534,000.00. 1.66% of the stock is currently owned by corporate insiders.
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.
Further Reading
Before you consider Bombardier, Inc. Class B, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bombardier, Inc. Class B wasn't on the list.
While Bombardier, Inc. Class B currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
