Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Crosses Above 200-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 Tuesday . The stock has a two hundred day moving average of C$205.13 and traded as high as C$254.79. Bombardier, Inc. Class B shares last traded at C$250.53, with a volume of 198,557 shares.

Analyst Ratings Changes

A number of research firms have weighed in on BBD.B. National Bankshares lifted their price objective on Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research note on Tuesday, December 2nd. Canadian Imperial Bank of Commerce downgraded Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$230.00 to C$290.00 in a report on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on shares of Bombardier, Inc. Class B from C$263.00 to C$287.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Raymond James Financial boosted their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group lowered shares of Bombardier, Inc. Class B from a “neutral” rating to a “sell” rating and raised their price target for the company from C$184.00 to C$191.00 in a research report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$250.67.

Bombardier, Inc. Class B Stock Performance

The firm has a market cap of C$24.85 billion, a price-to-earnings ratio of 67.89, a price-to-earnings-growth ratio of 6.26 and a beta of 1.42. The company has a 50 day moving average price of C$241.01 and a 200 day moving average price of C$205.13.

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.