Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Bombardier, Inc. Class B (TSE:BBD.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$94.92 and traded as high as C$98.98. Bombardier, Inc. Class B shares last traded at C$96.71, with a volume of 286,727 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BBD.B shares. CIBC cut their target price on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. National Bankshares boosted their price objective on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. TD Securities dropped their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a research note on Friday, November 1st. Finally, National Bank Financial upped their price target on shares of Bombardier, Inc. Class B to C$128.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$114.00.

Bombardier, Inc. Class B Stock Performance

The stock has a market capitalization of C$8.66 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The business’s 50-day moving average price is C$99.93 and its 200 day moving average price is C$94.99.

Insider Activity at Bombardier, Inc. Class B

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total transaction of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is owned by corporate insiders.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.