Bombardier, Inc. Class B (TSE:BBD.B) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.BGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$244.12 and traded as high as C$270.88. Bombardier, Inc. Class B shares last traded at C$266.77, with a volume of 417,178 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. National Bank Financial raised their price target on shares of Bombardier, Inc. Class B from C$286.00 to C$296.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of Bombardier, Inc. Class B from C$298.00 to C$332.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Desjardins raised their price target on shares of Bombardier, Inc. Class B from C$304.00 to C$324.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. UBS Group raised their price target on shares of Bombardier, Inc. Class B from C$253.00 to C$315.00 in a research report on Friday, May 1st. Finally, BMO Capital Markets raised their price target on shares of Bombardier, Inc. Class B from C$300.00 to C$320.00 in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$278.08.

Get Our Latest Analysis on BBD.B

Bombardier, Inc. Class B Trading Up 1.9%

The stock’s 50-day moving average price is C$255.47 and its 200-day moving average price is C$244.12. The company has a market capitalization of C$26.32 billion, a P/E ratio of 29.54, a P/E/G ratio of 6.26 and a beta of 1.96.

Bombardier, Inc. Class B Company Profile

(Get Free Report)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.

Further Reading

Receive News & Ratings for Bombardier Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bombardier Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.