Bombardier, Inc. Class B (TSE:BBD.B) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Bombardier, Inc. Class B (TSE:BBD.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$94.92 and traded as high as C$98.98. Bombardier, Inc. Class B shares last traded at C$96.71, with a volume of 286,727 shares trading hands.

Analyst Ratings Changes

BBD.B has been the subject of a number of analyst reports. National Bank Financial raised their price objective on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. TD Securities lowered their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research note on Friday, November 8th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price for the company. in a research note on Friday, November 1st. Finally, CIBC cut their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$114.00.

Bombardier, Inc. Class B Trading Down 1.1 %

The business has a 50-day moving average of C$100.13 and a 200 day moving average of C$94.92. The firm has a market capitalization of C$8.37 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98.

Insider Activity

In other news, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$101.17, for a total value of C$1,990,650.43. Also, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Corporate 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.