Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Bombardier, Inc. Class B (TSE:BBD.B) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$221.82 and traded as high as C$255.00. Bombardier, Inc. Class B shares last traded at C$253.80, with a volume of 213,152 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$230.00 to C$295.00 in a research report on Wednesday, January 21st. Raymond James Financial raised their price target 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 report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their target price on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. BMO Capital Markets lifted their price objective on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Desjardins raised their price objective on Bombardier, Inc. Class B from C$260.00 to C$305.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$256.50.

Bombardier, Inc. Class B Trading Up 2.6%

The stock has a market capitalization of C$25.12 billion, a PE ratio of 28.36, a P/E/G ratio of 6.26 and a beta of 1.70. The company has a 50 day simple moving average of C$255.04 and a 200 day simple moving average of C$221.82.

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.