Bombardier, Inc. Class B (TSE:BBD.B) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Bombardier, Inc. Class B (TSE:BBD.B)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$93.97 and traded as high as C$98.24. Bombardier, Inc. Class B shares last traded at C$94.17, with a volume of 561,925 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BBD.B. National Bankshares increased their price objective on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. CIBC increased their price target on shares of Bombardier, Inc. Class B from C$131.00 to C$132.00 in a report on Wednesday, December 4th. Scotiabank downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 price objective for the company. in a research report on Friday, November 1st. National Bank Financial increased their target price on Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, TD Securities dropped their price target on Bombardier, Inc. Class B from C$132.00 to C$130.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Bombardier, Inc. Class B presently has an average rating of “Moderate Buy” and a consensus price target of C$114.42.

Bombardier, Inc. Class B Stock Performance

The company has a market capitalization of C$8.15 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm has a fifty day moving average price of C$102.49 and a 200-day moving average price of C$93.97.

Insider Buying and Selling at Bombardier, Inc. Class B

In other Bombardier, Inc. Class B news, Senior Officer Daniel Brennan sold 19,676 shares of Bombardier, Inc. Class B stock in a transaction dated 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 the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$104.33, for a total value of C$521,650.00. 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.