Bombardier, Inc. Class B (TSE:BBD.B) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$174.40 and traded as high as C$232.49. Bombardier, Inc. Class B shares last traded at C$229.64, with a volume of 809,833 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BBD.B shares. JPMorgan Chase & Co. boosted their target price on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. Scotiabank increased their target price on Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. National Bankshares raised their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a report on Tuesday, December 2nd. Raymond James Financial increased their target price on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, CIBC boosted their price target on shares of Bombardier, Inc. Class B from C$222.00 to C$230.00 in a report on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$229.91.

Get Our Latest Stock Analysis on BBD.B

Bombardier, Inc. Class B Stock Performance

The company has a market cap of C$22.78 billion, a price-to-earnings ratio of 62.23, a price-to-earnings-growth ratio of 6.26 and a beta of 1.38. The company’s 50 day moving average price is C$210.59 and its 200 day moving average price is C$174.94.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

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

Further Reading

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