Shares of Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$86.30 and traded as high as C$105.25. Bombardier, Inc. Class B shares last traded at C$102.42, with a volume of 234,577 shares.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. National Bankshares raised their price objective on Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an "outperform" rating in a report on Thursday, July 11th. National Bank Financial upped 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. Barclays raised their target price on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research report on Tuesday, July 30th. Scotiabank cut shares of 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 research report on Friday. Finally, CIBC lifted their price objective on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$111.50.
Get Our Latest Report on Bombardier, Inc. Class B
Bombardier, Inc. Class B Price Performance
The business's fifty day simple moving average is C$97.38 and its two-hundred day simple moving average is C$86.30. The company has a market cap of C$8.97 billion, a PE ratio of 26.64, a PEG ratio of 6.26 and a beta of 2.98.
Insider Buying and Selling at Bombardier, Inc. Class B
In related 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 related news, 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. Also, Senior Officer Eve Laurier sold 4,000 shares of Bombardier, Inc. Class B stock in a transaction 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. Insiders own 1.66% of the company's stock.
About Bombardier, Inc. Class B
(
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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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