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

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$90.74 and traded as high as C$121.50. Bombardier, Inc. Class B shares last traded at C$118.64, with a volume of 639,594 shares changing hands.

Wall Street Analysts Forecast Growth

BBD.B has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on shares of Bombardier, Inc. Class B from C$101.00 to C$108.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. BMO Capital Markets dropped their target price on shares of Bombardier, Inc. Class B from C$135.00 to C$130.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. UBS Group upped their price objective on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a research report on Friday, May 2nd. Desjardins lowered their price objective on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, CIBC upped their price objective on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$113.67.

Bombardier, Inc. Class B Stock Performance

The stock has a market capitalization of C$10.26 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The stock’s fifty day simple moving average is C$97.25 and its two-hundred day simple moving average is C$90.74.

Insider Activity

In other Bombardier, Inc. Class B news, Senior Officer Barton Wade Demosky sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of C$107.50, for a total transaction of C$430,000.00. Also, Senior Officer Eve Laurier sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of C$99.26, for a total transaction of C$397,032.40. Over the last ninety days, insiders sold 124,838 shares of company stock worth $12,420,520. 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.