Bombardier, Inc. Class B (TSE:BBD.B) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B)’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.

Analyst Ratings Changes

BBD.B has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of Bombardier, Inc. Class B from C$190.00 to C$230.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. BMO Capital Markets lifted their price target on Bombardier, Inc. Class B from C$225.00 to C$240.00 in a research report on Monday, November 10th. Raymond James Financial upped their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. raised their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research note on Wednesday, November 19th. Finally, TD Securities lifted their target price on Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Bombardier, Inc. Class B currently has an average rating of “Moderate Buy” and an average price target of C$229.91.

Bombardier, Inc. Class B Stock Performance

The stock has a market capitalization of C$22.78 billion, a P/E ratio of 62.23, a price-to-earnings-growth ratio of 6.26 and a beta of 1.38. The stock has a 50-day simple moving average of C$210.59 and a 200 day simple moving average of C$174.40.

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.