Bombardier, Inc. Class B (TSE:BBD.B) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Bombardier, Inc. Class B (TSE:BBD.B) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBD.B shares. Barclays raised 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 lifted their price target on shares of 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. 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. CIBC lifted their target price on Bombardier, Inc. Class B from C$102.00 to C$116.00 in a research note on Friday, July 26th. Finally, Royal Bank of Canada increased their price target 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. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$111.50.

Bombardier, Inc. Class B Stock Down 1.0 %

The company has a market cap of C$9.12 billion, a P/E ratio of 27.75, a PEG ratio of 6.26 and a beta of 2.98. The company has a 50 day moving average price of C$95.71 and a 200-day moving average price of C$85.01.

Insider Activity at Bombardier, Inc. Class B

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