Bombardier, Inc. Class B (TSE:BBD.B) Sets New 12-Month High at $74.42

Bombardier, Inc. Class B (TSE:BBD.B) hit a new 52-week high on Tuesday . The company traded as high as C$74.42 and last traded at C$73.66, with a volume of 62201 shares. The stock had previously closed at C$73.56.

Analyst Ratings Changes

Several analysts recently issued reports on BBD.B shares. National Bankshares reduced their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Desjardins lifted their price objective on shares of Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada increased their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, UBS Group boosted their price target on Bombardier, Inc. Class B from C$41.00 to C$44.00 in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.56.

Bombardier, Inc. Class B Stock Up 0.4 %

The firm has a 50 day simple moving average of C$57.42 and a two-hundred day simple moving average of C$52.64. The stock has a market capitalization of C$6.30 billion, a P/E ratio of 11.51, a PEG ratio of -0.13 and a beta of 2.96.

Insider Buying and Selling

In related news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. 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.