Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$305.83 and traded as high as C$310.40. Bombardier, Inc. Class B shares last traded at C$290.00, with a volume of 336,047 shares.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. TD increased their price objective on shares of Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their target price on Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. BMO Capital Markets increased their target price on Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Scotiabank dropped their price target on Bombardier, Inc. Class B from C$380.00 to C$370.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Finally, National Bank Financial set a C$379.00 price target on Bombardier, Inc. Class B and gave the company a “sector perform” rating in a research note on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$330.62.
Check Out Our Latest Stock Analysis on BBD.B
Bombardier, Inc. Class B Trading Down 0.8%
The company has a market capitalization of C$57.30 billion, a P/E ratio of 34.26, a PEG ratio of 6.26 and a beta of 1.47. The firm’s 50 day moving average price is C$316.26 and its two-hundred day moving average price is C$306.34.
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.
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