Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Passes Above 200-Day Moving Average of $1.71

Bombardier, Inc. Class B (TSE:BBD.B) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.71 and traded as high as C$1.78. Bombardier, Inc. Class B shares last traded at C$1.78, with a volume of 3,891,326 shares.

Several equities research analysts have weighed in on BBD.B shares. CIBC restated an “underperform” rating and set a C$1.60 target price on shares of Bombardier, Inc. Class B in a research note on Thursday, October 28th. Citigroup cut their target price on Bombardier, Inc. Class B from C$2.20 to C$2.10 and set a “buy” rating for the company in a research note on Tuesday, November 30th. National Bank Financial increased their price target on Bombardier, Inc. Class B from C$1.90 to C$2.50 and gave the company a “sector perform” rating in a research note on Wednesday, October 6th. The Goldman Sachs Group upgraded Bombardier, Inc. Class B to a “buy” rating and increased their price target for the company from C$1.15 to C$2.35 in a research note on Thursday, September 23rd. Finally, TD Securities increased their price target on Bombardier, Inc. Class B from C$2.75 to C$3.00 and gave the company a “speculative buy” rating in a research note on Friday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$2.17.

The company has a 50 day moving average price of C$1.74 and a 200 day moving average price of C$1.71. The company has a market capitalization of C$4.34 billion and a price-to-earnings ratio of 0.80.

About Bombardier, Inc. Class B (TSE:BBD.B)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide. The company designs, manufactures, and markets business jets; designs and manufactures a portfolio of commercial aircraft in the 50- to 100-seat categories, including the CRJ550, CRJ700, CRJ900, and CRJ1000 regional jets; designs, develops and manufactures aircraft structural components, such as engine nacelles, fuselages, and wings; and provides aftermarket component repair, overhaul, and other engineering services.

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