Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$89.17 and traded as high as C$91.48. Bombardier, Inc. Class B shares last traded at C$90.74, with a volume of 458,056 shares changing hands.
A number of research firms recently issued reports on BBD.B. 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 report on Friday, November 1st. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. CIBC lowered their target price on Bombardier, Inc. Class B from C$134.00 to C$131.00 in a research note on Friday, November 8th. Barclays lifted their price target on shares of Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Finally, National Bank Financial boosted their price objective on Bombardier, Inc. Class B to C$128.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$114.33.
Get Our Latest Stock Analysis on BBD.B
The firm has a market cap of C$7.85 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock's 50 day moving average is C$99.43 and its 200 day moving average is C$89.17.
In other news, 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 transaction of C$366,280.00. Insiders own 1.66% of the company's stock.
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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