Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$313.27 and traded as high as C$321.03. Bombardier, Inc. Class B shares last traded at C$317.02, with a volume of 229,713 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts have recently commented on BBD.B shares. Scotiabank dropped their price objective on shares of Bombardier, Inc. Class B from C$380.00 to C$370.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Stifel Nicolaus set a C$390.00 target price on shares of Bombardier, Inc. Class B and gave the company a “buy” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada lifted their price target on Bombardier, Inc. Class B from C$383.00 to C$406.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. TD lifted their price objective on Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets raised their price target on Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$330.62.
View Our Latest Research Report on BBD.B
Bombardier, Inc. Class B Trading Up 1.2%
The company has a 50 day moving average price of C$313.27 and a 200 day moving average price of C$295.61. The company has a market capitalization of C$58.98 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 6.26 and a beta of 1.35.
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.
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