Bombardier, Inc. Class B (TSE:BBD.B) Sets New 1-Year High at $101.24

Shares of Bombardier, Inc. Class B (TSE:BBD.B) hit a new 52-week high during trading on Thursday . The stock traded as high as C$101.24 and last traded at C$100.76, with a volume of 258440 shares traded. The stock had previously closed at C$97.34.

Analyst Ratings Changes

BBD.B has been the subject of several research analyst reports. Citigroup boosted their price objective on Bombardier, Inc. Class B from C$83.00 to C$103.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Royal Bank of Canada raised their price objective on Bombardier, Inc. Class B from C$99.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 2nd. BMO Capital Markets boosted their target price on shares of Bombardier, Inc. Class B from C$95.00 to C$129.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. CIBC lifted their price target on shares of Bombardier, Inc. Class B from C$102.00 to C$116.00 in a report on Friday, July 26th. Finally, National Bankshares raised their target price on shares of Bombardier, Inc. Class B from C$92.00 to C$114.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$110.00.

Bombardier, Inc. Class B Stock Up 2.7 %

The business’s 50 day moving average is C$90.67 and its two-hundred day moving average is C$78.74. The firm has a market capitalization of C$8.65 billion, a P/E ratio of 26.17, a PEG ratio of 6.26 and a beta of 2.98.

Insider Transactions at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 6,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. In related news, Senior Officer Eve Laurier sold 4,000 shares of the 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. Also, Senior Officer Barton Wade Demosky sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$89.00, for a total transaction of C$534,000.00. Company insiders own 1.66% of the company’s stock.

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.