Bombardier, Inc. Class B (TSE:BBD.B) Sets New 1-Year High – Here’s What Happened

Bombardier, Inc. Class B (TSE:BBD.B) hit a new 52-week high during trading on Tuesday . The company traded as high as C$113.99 and last traded at C$113.69, with a volume of 28528 shares changing hands. The stock had previously closed at C$111.80.

Wall Street Analysts Forecast Growth

BBD.B has been the topic of a number of recent research reports. National Bankshares upped their target price on Bombardier, Inc. Class B from C$103.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. CIBC raised their price objective on shares of Bombardier, Inc. Class B from C$106.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. UBS Group increased their price target on shares of Bombardier, Inc. Class B from C$83.00 to C$91.00 in a report on Friday, May 2nd. TD Securities cut their price objective on shares of Bombardier, Inc. Class B from C$133.00 to C$128.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Desjardins lowered their target price on shares of Bombardier, Inc. Class B from C$142.00 to C$140.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$113.67.

Bombardier, Inc. Class B Stock Up 2.3%

The stock has a 50-day moving average price of C$93.33 and a 200 day moving average price of C$90.10. The firm has a market capitalization of C$9.89 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 6.26 and a beta of 2.98.

Insiders Place Their Bets

In related news, Senior Officer Barton Wade Demosky sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$95.00, for a total transaction of C$570,000.00. Also, Director Eric Martel sold 14,200 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of C$103.99, for a total value of C$1,476,706.28. Over the last 90 days, insiders have sold 124,838 shares of company stock valued at $12,420,520. 1.66% of the stock is currently owned by insiders.

Bombardier, Inc. Class B Company Profile

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